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Yet ANOTHER I Told You So!
California's bullet train is hurtling toward a multibillion-dollar overrun, a confidential federal report warns
By Ralph VartabedianContact Reporter
California’s bullet train could cost taxpayers 50% more than estimated — as much as $3.6 billion more. And that’s just for the first 118 miles through the Central Valley, which was supposed to be the easiest part of the route between Los Angeles and San Francisco.
A confidential Federal Railroad Administration risk analysis, obtained by The Times, projects that building bridges, viaducts, trenches and track from Merced to Shafter, just north of Bakersfield, could cost $9.5 billion to $10 billion, compared with the original budget of $6.4 billion.
[...]
http://www.latimes.com/local/california/la-me-bullet-cost-overruns-20170106-story.html
Florida successfully fought off a bullet train in our state due to the immense costs and little benefit. We saved billions, California is more in debt than ever. Governor Moonbeam can't resist a way to spend money.
California's bullet train is hurtling toward a multibillion-dollar overrun, a confidential federal report warns
By Ralph VartabedianContact Reporter
California’s bullet train could cost taxpayers 50% more than estimated — as much as $3.6 billion more. And that’s just for the first 118 miles through the Central Valley, which was supposed to be the easiest part of the route between Los Angeles and San Francisco.
A confidential Federal Railroad Administration risk analysis, obtained by The Times, projects that building bridges, viaducts, trenches and track from Merced to Shafter, just north of Bakersfield, could cost $9.5 billion to $10 billion, compared with the original budget of $6.4 billion.
[...]
http://www.latimes.com/local/california/la-me-bullet-cost-overruns-20170106-story.html
Florida successfully fought off a bullet train in our state due to the immense costs and little benefit. We saved billions, California is more in debt than ever. Governor Moonbeam can't resist a way to spend money.