Progressive Railroading, 8/24:
Congressional hearing to examine status of California high-speed rail project
Next week, the House Subcommittee on Railroads, Pipelines and Hazardous Materials will hold a congressional field hearing on the status of California's high-speed rail project.
The San Francisco-to-Los Angeles rail project was initially estimated to cost $33 billion when voters approved a bond measure in 2008 to help finance it. However, cost estimates have risen to as high as $118 billion, according to a press release issued by the subcommittee.
In addition, the project's business plan no longer calls for full high-speed service all the way into San Francisco or Los Angeles, the release said.
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