The opening date for the California Bullet Train has been delayed four years to 2033 as costs rise more than 20% to $77 billion. The price increase is only an estimate and could climb even higher according to the new chief executive Brian Kelly.
Kelly is also uncertain of how he plans to fund the rest of the program as the state has already spent $2.5 billion in federal stimulus funds and has another $930 million in federal money in addition to the $10 billion bond from voters.
Read full analysis at the LA Times