VIDEO: Document warns of $3.6B higher California high-speed rail cost

 

SACRAMENTO, Calif. (AP) — A document obtained by The Los Angeles Times says the first leg of California’s $64 billion high-speed rail project could cost as much as $3.6 billion more than previous estimates and take years longer to build.

The newspaper says the details are in a confidential Federal Railroad Administration risk analysis.

California High-Speed Rail Authority officials said Friday that it includes outdated information and is being mischaracterized. Businesses and government agencies typically perform risk analyses to assess potential dangers.

Rail Authority CEO Jeff Morales says the agency is constantly working to identify and fix problems before they occur.

The document shows that in a worst-case scenario, it could cost up to $10 billion to build bridges, viaducts, trenches and track on 118 miles from Merced to Shafter, up from $6.4 billion.

___

This item has been corrected to reflect the total current project cost estimate is $64 billion, not $68 billion.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s