KFI: The cost of California’s bullet train continues to grow beyond initial estimates. According to a new study from a consulting firm that manages the project, the first phase of the 119-mile segment for California’s high speed rail line increased by 35 percent to nearly $11 billion dollars. That brings the total cost of the route from San Francisco to Los Angeles to around $67 billion.
That’s a cost-overrun of $2.8 billion just for the first 119 miles of track. Officials say they want the high speed train running between Los Angeles and San Francisco by 2029.
Roy Hill, who leads the consulting firm WSP, says costs increases can be blamed on higher than expected costs for land acquisition, issues relocating utility systems and building new safety barriers where the bullet train would operate. At a monthly rail authority meeting held regularly, Hill warned the board about the potential for the increased costs.
“The worst-case scenario has happened,” Hill told the group. more