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In 2008, the California High-Speed Rail Authority estimated the initiative would cost $33 billion and begin service by 2020, and voters approved $9 billion of b
by 1024core 2y ago
In 2008, the California High-Speed Rail Authority estimated the initiative would cost $33 billion and begin service by 2020, and voters approved $9 billion of bonds for the project. . . Meanwhile, the current cost estimate ranges from $89 billion to $128 billion, according to the authority.
- laweijfmvo 2y agoand have they built anything yet?
- raincom 2y agoIt will take another 150 years to finish.
- dekhn 2y agoYes- for political reasons, they chose to build a small segment in the middle of the central valley. It will connect Merced to Bakersfield. They started building it, but didn't finish (it's on hold due to budget constraints). I think they've built a few bridges, prepped the ground, but not really started laying track yet.
- coffeebeanHH 2y agoMaybe they should also buy a hyperloop :D
- tomohawk 2y agoFor political reasons, but that's the least expensive and least technically risky portion. The portion back into LA and the portion back into SF are going to make the prices they're paying for this easy section pale in comparison. They're hoping the sunk cost fallacy will get them the money they will need on the hard parts.