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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.
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