CALIFORNIA: Taxpayers will have to fork out 50% more to pay for the bullet train according to a confidential Federal Railroad Administration analysis obtained by The Times – @AceFinanceNews

#AceFinanceNews – Jan.14: California’s bullet train could cost taxpayers 50% more than estimated — as much as $3.6 billion more, according to a confidential Federal Railroad Administration analysis obtained by The Times.

The figures cover just the project’s first 118 miles through the Central Valley, which was supposed to be the easiest part of the route between Los Angeles and San Francisco – Read more >>

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