California’s high-speed rail project connecting Los Angeles to San Francisco is now estimated to cost $126 billion, a rail authority board member said in an interview released by CBS’s “60 Minutes” on Sunday.
But the High-Speed Rail Authority, according to its 2026 Business Plan issued in February, forecasts $39.3 billion in capital funding through 2045, a shortfall of around $87 billion.
“It is a big gap to fill,” board member Anthony Williams said, “[but] we have an understanding of how to get there and to fill that gap.”
The project, approved by voters in 2008, was supposed to connect San Francisco to Los Angeles by high-speed rail for around $33 billion and a completion date of 2020….