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California High-Speed Rail: New Cost Estimates & Funding
Description
Californias High-Speed Rail Project: A New Cost Estimate and Optimized Plan
Californias high-speed rail project, aiming to connect Los Angeles and San Francisco, has released new cost estimates. The project, initially approved by voters in 2008 for $33 billion, is now expected to cost over $231 billion without optimizations. However, officials have rolled out an optimized plan, sharing tracks with Metrolink and reducing tunnels, which could save billions. The project is set to begin track laying from Bakersfield to Merced by the end of this year, with a billion dollars allocated annually until 2045. The board will vote on the updated plan later this month.
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