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Keyword: costincreases

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  • Cost climbs by $2.8 billion for California bullet train

    01/16/2018 3:22:04 PM PST · by Olog-hai · 55 replies
    Associated Press ^ | Jan 16, 2018 5:21 PM EST | Kathleen Ronayne
    Officials increased the cost estimate for the first phase of California’s high speed rail project by 35 percent on Tuesday, to $10.6 billion. That would put the entire cost of the train from San Francisco to Los Angeles at roughly $67 billion, although officials said they hope to recover the newly announced costs later. […] The $2.8 billion price jump is for a 119-mile (191-kilometer) segment in the Central Valley, which is partially under construction. The fresh costs are due to trouble acquiring rights of way for the track, the need to build more barriers along the tracks and other...