California high-speed rail agency reveals report on growing costs

(Source: Los Angeles Times, November 3, 2015)

LOS ANGELES The California high-speed rail authority bowed to pressure from California legislators and members of Congress late Tuesday and released a copy of a 2013 report showing a large estimated increase in the cost of building the initial segment of the bullet train project. The report, disclosed by the Times in a story Oct. 25, said Parsons Brinckerhoff had briefed state officials in October 2013 that the projected cost of the first phase of the bullet train system had risen 31%. The state did not use the increase, however, in its 2014 business plan four months later.

Full story: Los Angeles Times

Wednesday, November 4, 2015
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http://www.ble-t.org/pr/news/headline.asp?id=42784

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