Ninety-eight point five billions dollars. That’s the new cost of California’s high-speed rail line from Los Angeles to San Francisco, according to a business plan released yesterday by the California High-Speed Rail Authority.
At least, that’s the cost reported (a half day in advance of the plan’s release) by the Los Angeles Times. The reason why the cost has more than doubled from previous estimates is that the Authority is now proposing to not finish the line until 2033 (vs. 2019 in the previous plan–see p. 52), and the added years of inflation make the cost higher in “year-of-expenditure” (YOE) dollars. When adjusted for inflation to today’s dollars, the cost is “only” $65 billion.
