Thursday, April 05, 2018
Cost of California’s Bullet Train Hits $98 Billion Due to Spiking Tunnel Costs
Chriss W. Street wrote about it on the Breitbart.com website:
"Breitbart News reported on March 9 that the California High-Speed Rail Authority’s (CHSR) new chief program officer, Roy Hill, had issued a 114-page “2018 Draft Budget” with a “Base Case” cost to build the 500-mile bullet train that had more than doubled to $77.3 billion, or $155 million per mile. That compared to the $37 billion, $74 million-per-mile plan that Gov. Schwarzenegger and other advocates claimed when they convinced voters to pass Proposition 1A in 2008. CHSR’s first comprehensive financial review in a decade acknowledged, “The worst-case scenario has happened.” But CHSR — for the first time — included a “High Case” estimate that warned costs could spike to $98.1 billion, or $196 million per mile."
