Ralph Vartabedian
CalMatters-
The latest report from the California High-Speed Rail Authority projects costs for the initial segment at $35 billion, which exceeds secured funding by $10 billion. Other segments of the system are likely to have their projected costs increase, too. The state hopes it will get more federal aid.
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Gov. Gavin Newsom and the Legislature agreed to create an inspector general job for high-speed rail as part of a compromise that they hope will get the project moving and end with an actual train.
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Lawmakers and Gov. Gavin Newsom have different opinions on what the next steps for California’s high-speed rail project should be.