California bullet train gets 27% cost increase

The long-plagued California High Speed Rail bullet train project has just taken another hit:  and this one will cost $1.7 billion.

Miscalculations led initial proposals to undercut the actual budgeting requirements by at least $1.7 billion pertaining to a 119-mile stretch in California's Central Valley.

The California High-Speed Rail Authority hopes to have the high-speed rail completed in full by 2029, though the current financial setback was not part of this assessment.

Follow the California High-Speed Rail Authority's Twitter account over @CaHSRA

Read more about the coming California bullet train at the Los Angeles Times.

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