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New cost estimate for high-speed rail puts California bullet train $100 billion in the red

Posted on AllSides March 8th, 2023
From The Center
Larry Valenzuela, CalMatters/CatchLight Local

The latest report from the California High-Speed Rail Authority projects costs for the initial segment at $35 billion, which exceeds secured funding by $10 billion. Other segments of the system are likely to have their projected costs increase, too. The state hopes it will get more federal aid.

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