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California bullet train’s cost estimate climbs by $2.8 billion

(Source: Associated Press, January 16, 2018)

SACRAMENTO, Calif. — 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. The $2.8 billion price jump is for a 119-mile 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.

Full story: San Jose Mercury News

Wednesday, January 17, 2018

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