The $130 billion train that couldn’t
In the annals of stupid and poorly run schemes, the California High-Speed Rail project ranks among the worst. Its future, even a dramatically scaled down one, has become ever more precarious since the Trump administration’s Department of Transportation rescinded $4 billion in funds already granted the project. Governor Newsom has already filed a suit to reverse the action, but he can’t legislate away the reality that this project is an abject embarrassment. When voters approved $9 billion for the plan in 2008, the California High-Speed Rail Authority estimated that it would cost $33 billion and start running by 2020 – and that was just for the San Joaquin Valley portion. The cost has since ballooned to $130 billion, and no stretch is operational.
