The authority put a lot of buffer in its more recent estimates that didn't exist years back.
Current numbers:
CP1 $1,820,046,601.87
CP3 $1,537,884,886.42
CP4 $505,821,508.30
3,900,000,000
Track & Electric
1,600,000,000
Train sets and Maintenance facility under 1,000,000,000
Total
6,500,000,000
WebDigger Wrote:
-------------------------------------------------------
> On 12-17-2019 - 20:01 George Andrews Wrote:
> [
www.altamontpress.com]
> ,199866,199916
> --------------------------------------------------
> -----
> > "The line was supposed to be completed in 2017
> and cost $6 Billion. Now the price tag is $10.6
> Billion."
> > Is that figure for the entire line ??? Or more
> likely about 1 MILE ?!?
>
> Those $6B and $10.6B amounts seem to show up in
> news articles from early 2018. Here are a couple
> of examples:
>
> "The update comes on the heels of news that the
> first 119-mile segment under construction —
> between Madera and a station north of Bakersfield
> — is forecast to cost $10.6 billion, up from an
> initial estimate of $6 billion, due to a “worst
> case” combination of construction delays and
> higher-than-anticipated land acquisition costs.
> That segment is still on track to be completed by
> 2022, according to the report."
> [
www.mercurynews.com]-
> high-cost-bullet-train-price-tag-surges-20-35-perc
> ent/ PUBLISHED: March 9, 2018 at 11:15 am |
> UPDATED: March 12, 2018 at 3:05 am
>
> "But that plan has been crushed by the
> acknowledgment Tuesday that the cost of building
> just 119 miles of rail between the farm towns of
> Madera and Wasco has soared from about $6 billion
> to $10.6 billion, siphoning off money that the
> authority had planned to allocate to the ultimate
> goal of connecting Los Angeles and San Francisco."
> [
ktla.com]
> -rail-project-in-existential-crisis-as-constructio
> n-costs-balloon/ Posted 4:45 PM, January 21,
> 2018, by Los Angeles Times
>
> Search: :
> [
www.google.com]%
> 20Speed%20Rail%20Authority%20work%20is%20behind%20
> schedule%2C%20with%20only%20a%20third%20of%20bridg
> es%2C%20viaducts%20and%20other%20structures%20unde
> r%20construction.%20The%20line%20was%20supposed%20
> to%20be%20finished%20in%202017%20and%20cost%20%246
> %20billion.%20Now%20the%20price%20tag%20is%20%2410
> .6%20billion.