California’s Bullet Train Project Jumps in Cost

The first phase of the California High-Speed Rail Authority’s bullet train project have rocketed 35% ($2.8 billion) to total $10.6 billion. The project at large now carries a price tag of $67 billion, coming in well over the $40 billion cost that the authority promised to voters when they approved the project. The primary cause of the price spike was a result of the authority creating construction contracts before gaining key rights of way to move forward on the bullet train. Contractors blame the authority’s delays and internal mismanagement for their increasing expenditures. The authority attributed the hurry to a September, 2017 deadline required to access Obama-era stimulus money. A growing cost has strengthened calls for an audit of the authority, which comes as state officials wait for a complete update on costs and a revised business plan. Both should arrive this spring. Other bullet train initiatives around the country are looking to learn from the California authority’s mistakes. The $15 billion Houston-Dallas line recently received a draft environmental review from the Federal Railroad Administration, a key step forward. Developers on the project are seeing pushback from landowners, and advocacy groups against the project are encouraging landowners to be vocal about their opposition. The chief concern is ecological, likely to prompt further studies that risk slowing the project down. That could mean a second bullet train project well over budget.

Follow us on social media for the latest updates in B2B!

Image

Latest

Listen Carefully, Respond Creatively
April 12, 2024

In this captivating episode of the Fans First series, Jesse Cole, the mastermind behind the Savannah Bananas, delves into the transformative business philosophy of “listen carefully, respond creatively.” This approach has not only skyrocketed the Savannah Bananas to fame but also serves as a universal blueprint for revolutionizing customer service and engagement across all sectors. […]

Read More
Stacey Childress, Senior Advisor at McKinsey and Company, discusses higher ed
Bold Measures are Needed to Improve Investment in Higher Education
April 12, 2024

The stakes for higher education have never been higher as the educational landscape sees rapid evolution. As universities and colleges grapple with the dual challenges of technological disruption and increasing demands for accessible, quality education, the question of how best to implement investment in higher education becomes a priority. This debate has been ignited […]

Read More
wake up healthy
Hey, it’s 9 am… Wake up Healthy with 9amHealth!
April 12, 2024

Healthcare Rethink host Brian Urban explores ways to wake up healthy and stay healthy with his guest, Dr. Avantika Waring, MD, the Chief Medical Officer, at 9amHealth. This episode delves into the transformative approach to healthcare delivery championed by 9amHealth. Dr. Waring’s journey from a humanities student with a love for French to a […]

Read More
public safety and security
Strengthen Public Safety and Security: Modernize Radio Communication for Better Field Response
April 11, 2024

The importance of radio communication within public safety and security operations remains unbeaten in an era dominated by digital transformation. This medium, essential for over a century, continues to be the lifeline for responders on the front lines. From ensuring the safety of field agents to facilitating real-time critical information flow and enhancing situational […]

Read More