The Federal Railroad Administration will terminate approximately $4 billion in federal funding for California's High-Speed Rail project. Investigators determined the project was in default of federal grant terms and lacked the capacity to achieve its scheduled milestones. Originally meant to cost $33 billion, current estimates range from $89 billion to $128 billion. California voters approved a nearly $10 billion bond measure in 2008 for the project, which is expected to be state-funded moving forward. Governor Newsom condemned the Trump administration's actions and emphasized the state's commitment to funding the project.
President Donald Trump stated, 'Thanks to Transportation Secretary Sean Duffy, not a SINGLE penny in Federal Dollars will go towards this Newscum SCAM ever again.'
Investigators found that the California High-Speed Rail project was in default of federal grant terms and lacked the capability to deliver operations by 2033.
The California High-Speed Rail Authority anticipates having trains operational by 2030, despite initial goals to have trains running by 2020.
Governor Gavin Newsom criticized the Trump administration's decision, claiming they are 'handing China the future' and asserting the termination of grant agreements is illegal.
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