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California Will Not Complete $77 Billion High-Speed Rail Project (reuters.com)
An anonymous reader quotes a report from Reuters: California Governor Gavin Newsom said on Tuesday the state will not complete a $77.3 billion planned high-speed rail project, but will finish a smaller section of the line. "The project, as currently planned, would cost too much and take too long. There's been too little oversight and not enough transparency," Newsom said in his first State of the State Address Tuesday to lawmakers. "Right now, there simply isn't a path to get from Sacramento to San Diego, let alone from San Francisco to (Los Angeles). I wish there were," he said. Newsom said the state will complete a 110-mile (177 km) high-speed rail link between Merced and Bakersfield. In March 2018, the state forecast the costs had jumped by $13 billion to $77 billion and warned that the costs could be as much as $98.1 billion.
California planned to build a 520-mile system in the first phase that would allow trains to travel at speeds of up to 220 miles per hour in the traffic-choked state from Los Angeles to San Francisco and begin full operations by 2033. Newsom said he would not give up entirely on the effort. "Abandoning high-speed rail entirely means we will have wasted billions of dollars with nothing but broken promises and lawsuits to show for it," he said. "And by the way, I am not interested in sending $3.5 billion in federal funding that was allocated to this project back to Donald Trump."
California planned to build a 520-mile system in the first phase that would allow trains to travel at speeds of up to 220 miles per hour in the traffic-choked state from Los Angeles to San Francisco and begin full operations by 2033. Newsom said he would not give up entirely on the effort. "Abandoning high-speed rail entirely means we will have wasted billions of dollars with nothing but broken promises and lawsuits to show for it," he said. "And by the way, I am not interested in sending $3.5 billion in federal funding that was allocated to this project back to Donald Trump."
Because EVERYONE wants to be in Merded!
The really sad part is it won't even make it to Shelbyville.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Wow, they're both unemployed AND farmers? I bet their farm cats are simultaneously alive and dead, and if you strap a slice of toast with PB to their backs, they spin like a dynamo in midair to power the nation's electrical grid.
Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
California is going bankrupt.
I knew it!. I mean all those economists and finance guys are saying otherwise, but thankyou for confirming it internet man.