Trump spars with California governor over $77B bullet train project
President Trump and Gavin Newsom are sparring over the state’s scaling back its $77B bullet train.
The high-speed bullet train that is set to be built between Los Angeles and San Francisco is going to cost even more than the Golden State originally anticipated.
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The California High-Speed Rail Authority this week pegged the cost of completing the project at $80.3 billion in its draft 2020 business plan – $1.3 billion more than previously expected.
The Authority mainly attributes the price hike to a delay in the projected completion of a line between Silicon Valley and the Central Valley, by about 1.5 years. It also names inflation and more accurate estimates as reasons for the adjustment.
Authority CEO Brian Kelly referred to the revised cost as "virtually unchanged" from previous estimates.
CALIFORNIA SUES TRUMP ADMINISTRATION FOR PULLING HIGH-SPEED RAIL FUNDS