Jumps from $41 million per mile to $65 million. And this was most likely the cheapest segment.
California is broke.
The CalPERS cow has mastitis.
I doubt they’re going to get anything extra from the fed on this (if they get anything) once Trump takes office.
Whod’a thought?
Where is the betting pool on which year that CA will go bankrupt?
And, as a subplot, will bankruptcy come before or after the big one?
Quelle surprise! Who could possibly have seen this coming?
The “bullet train” is a wealth distribution scheme from the middle class to the ruling class. Of course it will have cost overruns, that is the whole point.
If the politicians in Sacramento really wanted to help the citizens they would build more dams and reservoirs.
After years of crying drought, the first heavy rains and they begin emptying the reservoirs causing flooding down streams. As soon as the rain stops they will begin crying drought again and pointing to the empty reservoirs as proof.
California is a one party state, and this is the madness you get with a one party state.
Is this because building passenger rail needs to be this expensive? Or is it because corruption and regulation is so out-of-control in CA that it’s inevitable that the cost of any project spins out of control?
Not only is my beeber stuned, but my flabber is gasted and my over is whelmed.
ROTFLMAO! Couldn’t happen to a better state. My apologies or condolences to CA freepers. It truly is a beautiful state but it is currently occupied territory, LOL!
I foresee some railroad tracks sitting in the middle of the California central valley.... and they are a dead end on both end. And never have trains on the rails.
How many desalination plants and water storage facilities could have been built for the cost of California’s bullet train?
The Federal Railroad Administration receives taxpayer money to survive, why is a report that is funded by taxpayer money and is reporting on the use of taxpayer money for a failed project confidential?
....could cost $9.5 billion to $10 billion, compared with the original budget of $6.4 billion.
Fake news hailing the benefits of this high speed rail line propped up the project with a fake budget.....
Oh, that was unexpected.
Actually pushing $100 million. And this is the EASIEST LAND in the country to build a train line (or widen a freeway, for that matter), as it is sparsely populated and TOTALLY FLAT. As you head towards SF and LA, things become completely opposite.
But as it, nothing to fret, if California REALLY wants it bad enough, they’ll have it, and they’ll be paying for it. It’s really their business at this point.
Light rail overruns tend to be six times the original cost estimate. I suspect this fiasco will be similar. 50 percent over budget is a lie and they know it. It’ll be much higher if it actually gets built.
Well, some of us just don’t get it. This cost-overrun has a purpose — the purpose of enriching a lot of people at tax-payer expense.
If a project doesn’t come in at or under budget, people should go to jail.
Didn’t Obama derail the bullet train?
Lame-Duck Obama Admin Rejects CA High-Speed Rail $15 Billion Loan
The California High-Speed Rail Authority came up empty when it asked the outgoing administration of President Barack Obama for a $15 billion loan, the Los Angeles Times reports.
State officials feared that with Republican Donald J. Trump taking office — somewhat unexpectedly — in January, and perhaps cutting off funding to the struggling project, which has never had a clear idea of how it would be financed, they would appeal to the Obama administration for a financial break.
Read
Moonbeam’s gift to California, his senile wet dream of the bullet train will become a nightmare for California.