California high-speed rail cost estimate surges to $231 billion, seven times original projection
By
Mayra Franco
A weekday bagel. Dependable, satisfying, no fuss.
Summary
California's high-speed rail project has seen its estimated cost skyrocket to $231 billion, nearly seven times the original $33 billion projection approved by voters in 2008. The massive cost overrun has reignited debates in Sacramento about the project's feasibility, timeline, and continued state funding. Senator Tony Strickland has criticized the updated figures, citing a breakdown in public trust over the project's management.
Key quotes
· 3 pulledCalifornia's long-delayed high-speed rail project is now facing renewed scrutiny after state leaders revealed a dramatically higher price tag, now estimated at roughly $231 billion
nearly seven times the original $33 billion projection approved by voters in 2008
Senator Tony Strickland sharply criticized the updated costs and timeline, pointing to what he described as a major breakdown in public trust
You might also wanna read
Humber hydrogen network campaign seeks £500m in UK government funding
Industry leaders, trade unions, and politicians held a parliamentary meeting to campaign for £500m in government funding to establish the Hu
bbc.com·2h ago
Rachel Reeves considers reviving PFI model to fund Labour's new towns infrastructure plans
Rachel Reeves is considering reviving Tony Blair-era Private Finance Initiatives (PFIs) to fund Labour's new towns and major infrastructure
telegraph.co.uk·5h ago
Prime Minister Carney announces forthcoming National Electricity Strategy for Canada
Prime Minister Carney has announced the forthcoming development of a National Electricity Strategy for Canada, positioning electricity as th
pm.gc.ca·1d agoPrime Minister Carney announces forthcoming National Electricity Strategy for Canada
Prime Minister Carney has announced the forthcoming development of a National Electricity Strategy for Canada, positioning electricity as th
pm.gc.ca·1d ago
Analysis of Speed and Cost Outcomes in Competitive U.S. Transmission Development
This article analyzes the impact of competitive transmission solicitations in the U.S. energy sector, following FERC's decision over a decad
rstreet.org·4d ago
Democratic lawmakers challenge tech companies over grid infrastructure costs passed to ratepayers
Democratic lawmakers are pushing back against technology companies that are avoiding paying their fair share of energy grid infrastructure c
broadbandbreakfast.com·4d ago