Saturday, March 10, 2018

Cost for California bullet train system rises to $77.3 billion

Cost for California bullet train system rises to $77.3 billion:
See the source image"The California bullet train project took a sharp jump in price Friday when the state rail authority announced the cost of connecting Los Angeles to San Francisco would total $77.3 billion, an increase of $13 billion from estimates two years ago, and could potentially rise as high as $98.1 billion.
...The rail authority has wrestled with a more than $40-billion funding gap, which would increase sharply under the new cost estimates.
...Lawsuits were filed by counties, water agencies, farm bureaus and cities, alleging that the project had not fairly estimated the impacts to their communities..."
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