Less than a month ago, the California High-Speed Rail Authority released its latest business plan admitting that its previous cost estimates were too low. Now the agency has released an even newer document admitting that the cost of building the line from California’s Central Valley to the Bay Area will be 40 percent more than estimated in the business plan.
Click image to go to download page for this environmental impact report.
This latest document is an environmental impact statement that is literally thousands of pages long. It reveals, among many other things, that constructing this segment of the line will release close to 400 million kilograms of carbon dioxide-equivalent gases into the atmosphere. It claims that this cost will be quickly repaid by the savings from reduced CO2 emissions once the trains are operating, but that’s based on unrealistically high ridership projections along with the assumption that neither automobiles nor airplanes will ever be more energy efficient or climate friendly than they were a few years ago. No doubt the state spent millions of dollars on this poorly reasoned document. Continue reading
