SACRAMENTO, Calif. — The AP reported that a draft of the new business plan for California's high-speed rail system shows the project could cost $98.5 billion in inflation-adjusted funding over a 20-year construction period, much higher than the $43 billion projected in 2008.
The plan, however, adds that the system would be profitable even with ridership estimates on the lower end and wouldn't require public operating subsidies. For the full story, click here.
Calif. high-speed rail to cost $98B
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.
November 1, 2011
1 min to read
More Rail
STV Launches Power Practice and More in Biz Briefs
In METRO's latest installment, we take a look at the latest news from SilverRide, Complete Coach Works, and more.
Read More →
LA Metro Opens D Line Extension
The only new subway opening in the US this year, the D Line Extension represents one of Metro’s top transit priorities and a historic milestone for Los Angeles, with Sections 2 and 3 set to open in 2027.
Read More →
Maryland Governor Installs Final Purple Line Rail During Tour
The moment marks the completion of 193,100 feet of track linking Prince George’s and Montgomery counties.
Read More →
PATCO Opens New Operations Control Center
The new center serves as the central hub for monitoring and managing PATCO train operations, communications, customer service coordination, incident response, and overall operational oversight across the transit system.
Read More →
VIA Rail reports Stable Ridership, Rising Revenue Amid Ongoing Challenges
Despite these pressures, VIA Rail is reporting that total revenues increased to $514.8 million as more travelers took advantage of the wide range of options available through the corporation’s new reservation system.
Read More →
Philadelphia's SEPTA Introduces Multi-Rider Feature for Contactless Payments
Up until now, this feature was only available when using a SEPTA Key card.
Read More →
ABC Teams with Waev, Knorr-Bremse in Boston Top Biz Briefs
Stay informed with these quick takes on the projects and companies driving progress across the transportation landscape.
Read More →
New Chicago Scholarship Program Targets Student Pathways to Construction Careers
Created in partnership with Walsh-VINCI Transit Community Partners, the contractor for CTA’s historic $5.7 billion RLE project, the new $250,000 scholarship program will provide three students a year from 2026 to 2030 with $3,000 scholarships.
Read More →
Trackless Rapid Transit: Hype or Viable Option?
Steve Goodreau of WSP explores the technology’s promise, limitations and where it may fit in the evolving transit landscape.
Read More →
Operation Lifesaver Awards Rail Safety Outreach Funds in 12 States
Operation Lifesaver awarded $220,200 in grants to 12 states to support rail safety campaigns focused on grade crossing awareness and trespass prevention.
Read More →