California Said to Trim $30 Billion From High-Speed Rail Cost
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The price of a high-speed passenger rail system in California would drop by $30 billion, or almost a third, under a revised plan to be released next week, according to a person briefed on the proposal.
The project, to connect San Francisco to Los Angeles, would cost $68.4 billion, down from the $98.5 billion estimated in November, according to the person, who wasn’t authorized to speak on the matter publicly. The California High-Speed Rail Authority is scheduled to unveil the revised plan, first reported by the Sacramento Bee, on April 2.