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California’s Bullet Train Cost Hits $98 Billion Due to Spiking Tunnel Costs

Breitbart– California’s bullet train appears to have released a “High Case” estimate of $98.1 billion to prepare the public for much higher tunneling costs.

Breitbart News reported on March 9 that the California High-Speed Rail Authority’s (CHSR) new chief program officer, Roy Hill, had issued a 114-page “2018 Draft Budget” with a “Base Case” cost to build the 500-mile bullet train that had more than doubled to $77.3 billion, or $155 million per mile.

That compared to the $37 billion, $74 million-per-mile plan that Gov. Schwarzenegger and other advocates claimed when they convinced voters to pass Proposition 1A in 2008.

CHSR’s first comprehensive financial review in a decade acknowledged, “The worst-case scenario has happened.” But CHSR — for the first time — included a “High Case” estimate that warned costs could spike to $98.1 billion, or $196 million per mile.

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