California state report: High speed rail faces $6.5 billion funding gap, new delays | California | thecentersquare.com
(The Center Square) – The California inspector general tasked with reviewing the state s high speed rail program issued a new report stating the first segment is likely to be more than three years behind schedule and faces a $6.5 billion funding gap.
Based on our review of the latest project information, the 2030 target date has been pushed back to 2031, in part because the Authority has extended the timeline for completing construction that is currently underway in the Central Valley, wrote the Office of the Inspector General in its report. With a smaller remaining schedule envelope and the potential for significant uncertainty and risk during subsequent phases of the project, staying within the 2033 schedule envelope is unlikely.
Before the report s release, Republican Congressman Kevin Kiley had announced a bill to eliminate further federal funding for the project.
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