Cost jumps for bullet train in California
SACRAMENTO, Calif. — The projected cost of California’s bullet train between San Francisco and Los Angeles has jumped to $77 billion and the completion date has been pushed back four years to 2033, according to a business plan released Friday.
The plan by the California High-Speed Rail Authority presents the latest setbacks for a project that’s been beleaguered by delays and cost overruns since voters first gave it the greenlight in 2008.
It focuses almost entirely on first opening track between San Francisco and the inland Central Valley, a goal the state is still billions of dollars short of financing.
The plan calls for a fresh infusion of cash from the Legislature and private money to cover the costs of weaving tunnels through mountain passes between the Silicon and Central Valleys.