California's high-speed train to lose federal funding, Trump says
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California's high-speed train to lose federal funding, Trump says
"This government is not going to pay. The California High-Speed Rail project, which was projected to cost $33 billion, has ballooned to an estimated $128 billion."
"The project has long been subject to shifting political priorities, highlighted by President Trump cancelling nearly $1 billion in federal funding during his first term."
President Trump declared that the federal government would not provide financial support for California's high-speed rail project, raising concerns over its viability. Initially estimated at $33 billion, costs have surged to $128 billion, with only limited construction completed. A federal compliance review is underway, and past cancellations of funding have created instability. President Biden’s recent allocation of $3 billion contrasts with Trump’s previous cuts. Political shifts and funding issues continue to hinder the project's progress, with significant completion delays anticipated.
Read at www.ocregister.com
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