The California high-speed rail project, initially proposed to voters in 2008 with a budget of around $33 to $40 billion, is now facing significant financial challenges. The project, intended to link San Francisco and Los Angeles, has encountered a staggering increase in its budget, requiring an additional $100 billion to complete. This revelation comes more than 15 years after the project was first pitched, with not a single mile of track laid to date. The project's CEO recently informed state lawmakers of the need for further funding, highlighting the project's escalating costs and uncertain completion timeline, with no completion date in sight. Originally expected to be completed in 2020 for $33 billion, the project has seen its price tag continuously climb, with current estimates for just connecting Bakersfield to Merced reaching as much as $35 billion.
California’s high-speed rail needs $100 billion to finish. The completion of the entire line, which would connect San Francisco to L.A., could be in jeopardy. https://t.co/EpCoI1HH1U
When California's "bullet train" was pitched to voters back in 2008, the cost of linking Los Angeles to San Francisco via high-speed rail was said to be about $40 billion. Officials now say another $100 billion will be needed to complete the project. 🌆🚅🌉… https://t.co/l5qUH36lae
More than 15 years after a high-speed rail linking SF and LA was pitched to voters for about $40 billion, state officials say it will cost as much as $35 billion just to connect Bakersfield and Merced, with $100 billion to complete the rest. https://t.co/RD2uir6yfX https://t.co/doGzeIUKEK
California is at the apex of not getting anything done. California’s high speed rail was marketed to voters in 2008. It was set to cost roughly 35 billion (10 billion has been spent). As of today not a single mile of track has been laid. Surprised they’ve even counted any votes. https://t.co/nACPetOR4q
California's high-speed rail boondoggle will need another $100 billion from taxpayers, the project's CEO told state lawmakers this week. https://t.co/fnWd1rcU7m
California's high-speed rail project was supposed to be completed in 2020 for $33 billion, but now there's no completion date and the price tag keeps climbing https://t.co/iQb5wBqW4f
California’s high-speed rail project between San Francisco and Los Angeles is facing major funding hurdles. https://t.co/M08GKFTpwC
California bullet train project needs another $100 billion to complete route from San Francisco to Los Angeles https://t.co/1PhmcxBpzu
California bullet train project needs another $100 billion to complete route from San Francisco to Los Angeles | Click on the image to read the full story https://t.co/3jD9T88uJg