A new report says California’s proposed high-speed railroad could cost state taxpayers more than three times the official $43 billion cost projection.
This $138 billion estimate comes from a trio of Bay Area analysts who have followed the project, which was conceived to carry residents from San Francisco to Los Angeles in about 2½ hours.
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The public relations firm awarded a $9 million contract to promote California’s high-speed rail operations announced last week that it would be quitting its role as the agency’s mouthpiece, just before the state authority was set to fire it.
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