Sacramento Bee-
The California High-Speed Rail Authority on Wednesday bumped its overall cost estimate for completing the rail line between San Francisco and Los Angeles to $80.3 billion, blaming inflationary increases and better cost projections for a $1.3 billion boost that still is smaller than in previous years.
After years of embarrassing cost overruns and delays, managers of California’s ambitious bullet-train project insisted that they are on pace to meet a preliminary 2022 federal deadline for laying track along the first segment in the Central Valley.
But that will use up virtually all the money the project has available.
