(NewsNation) — The estimated cost of California’s long‑troubled high‑speed rail project has soared past $120 billion.
In a “60 Minutes” report on CBS News, officials said they now believe the rail line linking Los Angeles and San Francisco could ultimately cost about $126 billion, roughly triple the original price tag approved by voters in 2008, when the California High-Speed Rail Authority estimated it would cost $45 billion.
Politicians, including Gov. Gavin Newsom, have stated that voters initially approved $33 billion for the project.
It’s amazing to see how hard it is to build rail here!
[California’s high‑speed rail project now estimated to cost $126B](https://www.newsnationnow.com/travel/californias-high%E2%80%91speed-rail-project-now-estimated-to-cost-126b/
(NewsNation) — The estimated cost of California’s long‑troubled high‑speed rail project has soared past $120 billion.
In a “60 Minutes” report on CBS News, officials said they now believe the rail line linking Los Angeles and San Francisco could ultimately cost about $126 billion, roughly triple the original price tag approved by voters in 2008, when the California High-Speed Rail Authority estimated it would cost $45 billion.
Politicians, including Gov. Gavin Newsom, have stated that voters initially approved $33 billion for the project.
It’s amazing to see how hard it is to build rail here!