Monday, March 12, 2018

Costs Of Governor Moonbeam’s Bullet Train Soar To $77 Billion; Opening Delayed

The following article appeared in Weasel Zippers on March 11th

Completed elevated sections providing shade for the homeless.

Completing the dream of linking San Francisco to Los Angeles with direct, high-speed rail service is four years behind schedule and may cost at least $77.3 billion, roughly $13 billion more than planners anticipated, transportation officials said Friday. 
California High Speed Rail

The California High Speed Rail Authority released its updated business plan, a biennial report that offers a glimpse into the project’s construction costs, timeline, funding sources and ridership forecasts, showing a wide range of potential costs to complete the project — anywhere from 20 percent to 35 percent for each leg of construction.

The update comes on the heels of news that the first 119-mile segment between Madera — in the San Joaquin Valley — and a station north of Bakersfield is forecast to cost $10.6 billion, up from an initial estimate of $6 billion, due to a “worst case” combination of construction delays and higher-than-anticipated land acquisition costs. That segment is still on track to be completed by 2022, according to the report.

But, delays in other segments of the project, along with inflation and the need to increase contingency costs also helped drive up the cost, officials said. And, it’ll take more time. The full first phase of the project, which would extend from San Francisco to Anaheim and include a Merced station, is not expected to be complete until 2033, four years behind the completion date planners estimated in 2016.

Ed.  If Donald Trump were in charge of this project, construction would be ahead of schedule and cost would be under estimates.

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