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California High-Speed Rail: Over Budget, Behind Schedule

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A new, confidential federal report shows that the initial segment of California’s partially federally-funded high speed rail (HSR) project will come in massively over budget and far behind schedule, the Los Angeles Times reports.

The Times obtained the Federal Railroad Administration risk analysis report, which shows projected costs for just the first 118-mile Central Valley section of the “bullet train” will soar to 150 percent — $3.6 billion more, over a previous estimate. – READ MORE

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