SHAFTER, Calif.—Some 18 years after California voted to launch a bullet train that would travel between San Francisco and Los Angeles in under three hours, the project now costs billions more than planned, is years behind schedule and has yet to lay its first track.
The 2008 ballot measure passed narrowly, 52.7% to 47.3%, kick-starting America’s largest active infrastructure project. A legislative bill said it should be completed by 2020, and the California High-Speed Rail Authority’s initial business plan estimated a cost of $33 billion. After years of legal battles, cost overruns, leadership changes and political fights, the price tag is up to $126 billion, with a high estimate of $231 billion, and it isn’t expected to be fully operational until 2040.
Canada’s next budget bomb is the Alto high-speed rail project
