California High Speed Rail Costs Escalate 50 Percent in 2 Years

Californians for Responsible Rail Design (CARRD) has released a new cost estimate for the phase 1 Los Angeles to San Francisco high-speed rail line. Based upon an analysis of California high-speed rail Authority documentation, including stimulus grant applications and other internal sources, CARRD estimates that the line will now cost $65 billion, rather than the current estimate of $43 billion.

The CARRD release indicated:

Our analysis, based solely on official and publicly available Authority documents, determines the
current project costs are approximately $65 billion. The $43 billion figure was inaccurate, even at the time it was made.

More at…http://www.newgeography.com/content/002037-california-high-speed-rail-costs-escalate-50-percent-2-years

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