Federal Funding
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America’s Wildly Over-Budget, 17-Year High-Speed Rail Fiasco: $16 Billion Spent, Zero Track Laid
A federal report reveals significant issues plaguing California’s High-Speed Rail project. After 17 years and $16 billion invested, no track has been laid. Facing a July 11 deadline, the project must satisfy the U.S. Department of Transportation or risk losing $4 billion in federal funding. Costs have ballooned from $33 billion to $128 billion, with completion now projected for 2033. Delays stem from land acquisition, lawsuits, and management problems. Public confidence is low, with over 53% of voters losing faith.
