April 16, 2014
New projections are 5% lower than initially expected by 2025 and 10% lower by 2040. The change was made based on research shows that Californians are taking shorter but more frequent trips.
February 12, 2014
The estimate is for constructing the first 520-mile phase of the train line between San Francisco and Los Angeles. That is about 1% less than the $68.4 billion estimate from the 2012 business plan.
September 6, 2012
Transit planners revised the long-term financial plan, with service maintained at its current level until 2020. Plan projects a required subsidy of $168,000 beginning in 2020.
November 1, 2011
The new project business plan shows that the project costs over a 20-year construction period will be much higher than the initially projected $43 billion. However, it is forecast to be profitable even with low ridership numbers and would not require public operating subsidies.
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