Newsom warns California bullet train risk

The California High-Speed Rail project is facing severe funding challenges, with estimates indicating it may run out of money by the end of 2027. The project's cost has risen to approximately $231 billion, significantly exceeding initial estimates, and construction is delayed until around 2039. The California High-Speed Rail Authority has spent over $5.7 billion on delays and change orders, with a critical funding gap expected over the next five fiscal years. Despite approval and environmental clearances, active construction remains limited to a central segment, while other parts are only in preliminary stages.

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