Close Menu
Own News WireOwn News Wire
    What's Hot

    Expedia First-Quarter Bookings Miss as Travel Demand Softens

    Coinbase Considered, Decided Against Michael Saylor’s Bitcoin Buying Strategy

    Sonos Interim CEO Says Company Has Turned a Corner and He Wants the Top Job

    Facebook X (Twitter) Instagram
    Own News WireOwn News Wire
    • Home
    • About
    • Contact
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Sports
    • Technology
    • Education
    • Money
    • Companies
    • Entertainment
    Subscribe
    Own News WireOwn News Wire
    You are at:Home » Trump Targets $128 Billion California High-Speed Rail Project
    Companies

    Trump Targets $128 Billion California High-Speed Rail Project

    ONS EditorBy ONS EditorFebruary 22, 2025No Comments2 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email


    The Trump administration has launched a review of California’s high-speed rail project, adding to long-standing doubts about whether the venture, plagued by cost overruns and delays, will ever be completed.

    The Federal Railroad Administration will investigate the project through a compliance and performance review, Secretary of Transportation Sean Duffy announced on Thursday. In 2008, the California High-Speed Rail Authority estimated the initiative would cost $33 billion and begin service by 2020, and voters approved $9 billion of bonds for the project. However, only 119 miles of the planned 776-mile railroad has commenced construction so far. Meanwhile, the current cost estimate ranges from $89 billion to $128 billion, according to the authority. 

    “For too long, taxpayers have subsidized the massively over-budget and delayed California High-Speed Rail project,” Duffy said in a press release. The investigation will determine whether taxpayer money should remain committed to the program, the release said. 

    The project has long been treated as a political football, with it fate contingent on which administration is occupying the White House. During his first term, President Donald Trump terminated a federal agreement with the state, canceling nearly $1 billion in funding for the project. Then, the Biden administration awarded $3 billion for the rail line in 2023. 

    “It is the worst-managed project I think I’ve ever seen,” Trump said at a news conference earlier this month referencing the rail.

    Earlier this month, an inspector general report found the project is unlikely to reach its target of shuttling the first phase passengers by 2033. Additionally, the Central Valley segment — which connects Merced to Bakersfield — has a funding gap of $6.5 billion, the report said.

    Thursday’s action drew sharp rebuke from California Democrats who support the railroad. State Senator Scott Wiener accused Trump of trying to destroy the project. 

    “High-Speed Rail — or as I call it, a modern, integrated rail system for California — is essential for the future of our state,” Wiener said in a statement. “It’s an embarrassment that California does not have a modern statewide rail system — Trump wants to prolong that embarrassment instead of doing something to help.”

    With assistance from Skylar Woodhouse and Aashna Shah.

    This article was generated from an automated news agency feed without modifications to text.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleChina’s AI surveillance? OpenAI bans accounts using ChatGPT for social media monitoring
    Next Article Yash Begins Filming ‘Ramayana’ in Mumbai with Epic War Sequence Sans Ranbir Kapoor: Reports |
    ONS Editor

    Related Posts

    Expedia First-Quarter Bookings Miss as Travel Demand Softens

    May 9, 2025

    Coinbase Considered, Decided Against Michael Saylor’s Bitcoin Buying Strategy

    May 9, 2025

    Sonos Interim CEO Says Company Has Turned a Corner and He Wants the Top Job

    May 9, 2025

    Comments are closed.

    Editors Picks
    Latest Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 ThemeSphere. Designed by ThemeSphere.
    • Home
    • About
    • Contact
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version