Posted on 01/16/2018 3:22:04 PM PST by Olog-hai
Officials increased the cost estimate for the first phase of California’s high speed rail project by 35 percent on Tuesday, to $10.6 billion.
That would put the entire cost of the train from San Francisco to Los Angeles at roughly $67 billion, although officials said they hope to recover the newly announced costs later. […]
The $2.8 billion price jump is for a 119-mile (191-kilometer) segment in the Central Valley, which is partially under construction. The fresh costs are due to trouble acquiring rights of way for the track, the need to build more barriers along the tracks and other items.
It’s the latest cost spike in a project that’s been plagued by delays and cost overruns. When voters approved $10 billion in bonds for the project in 2008, officials estimated the project would cost $40 billion. …
(Excerpt) Read more at hosted.ap.org ...
Ahhhhhh.....the Democrat Party needs some more money.
Brings new meaning to the term gravy train. Sheesh what a money sucking fiasco.
That’s the annual cost increase. Keeps going up a billion or so every year. I sure hope our federal government isn’t investing anything into this.
Here’s hoping Moonbeam Brown uses his corrupt bullet train as a suppository!
This is what happens when you let a once prosperous state fall into the hands of the Democrats.
Money is fungible. Wonder if the train is really gonna get that money, or if the money will be siphoned off for something else, like state pensions...
CA taxpayers - those that haven’t left yet. I wonder how much money the illegals will be taxed for it.
Great Flaming Wolf Spiders!!!
Do you know what that works out to per mile?
You start factoring in normal operating costs and this thing will cost just about as much as Nancy Pelosi’s bar tab.
Unexpected.
So much better off fixing roads. Everything they build is gonna be wiped out in earthquakes anyway. Make roads. Crap.
Think its Feinstein’s husband who is building the desert train. If not then Pelosi.’s
why would ANYONE take this useless train when a self driving auto (rental?) can do the same job and better?
We’re up to $23 million per mile.
Just remember, the same rats who think this is feasible to build a bullet train will tell you its do complex and expensive to build a border wall.
Surprise surprise surprise
Now that this fiasco has violated the very proposition that started it will the governor kill it? That’s rhetorical cause I know he won’t
Wow! That was unexpected.....
This first segment is actually up to $89 million per mile. Even the French high-speed railroads were built for a fraction of that.
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