California Bullet Train Cost Climbs by $2.8 Billion

By

SACRAMENTO, Calif. (CN) – The cost of the first phase of California’s high-speed rail project through the state’s Central Valley has soared by 35 percent to $10.6 billion, officials disclosed Tuesday.

The California High Speed Rail Authority disclosed the $2.8 billion spike during its regular Tuesday meeting, citing unanticipated costs relating to right-of-way purchases, utility relocations, general increases in railway costs and lawsuits.

Click here to read the full story.

 

Please share with others