According to a Times analysis of the California High-Speed Rail Authority's financial records, funds will probably run out before the route between Bakersfield and Merced is completed.
An elevated section of California's high-speed rail project under construction in Fresno in 2017.
Among the most important issues for the project’s future is whether the underlying management problems that caused those increases have been solved. In November, State Auditor Elaine Howle releasedthat found mismanagement had caused billions of dollars in cost increases. The auditor found similar problems in 2010 and 2012, citing lax management and weak oversight.
A supervisor in the Central Valley said environmental clearances remain open on land that has been turned over to construction firms, a breach of procedure. And more than 200 additional eminent domain actions will be required because some parcels are too small to accommodate the relocation of underground utilities. Getting that much new land threatens additional delays.
and was looking at ways it could recover $2.5 billion in another grant that has already been spent. The federal agency said the rail authority is not making adequate progress to meet a 2022 deadline to complete 119 miles of construction in the Central Valley. Indeed, the rail authority’s own documents show that the Fresno section has a completion date set for this summer even though it is far from finished.
Some of the cost assumptions made by the rail authority appear optimistic, including those for the high-voltage electrical system. The Caltrain commuter line in the Bay Area is electrifying 50 miles of track for $2 billion, about six times higher than the per-mile cost assumed by the California High-Speed Rail Authority for the Central Valley bullet train.
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