New cost estimate for high-speed rail puts California bullet train$100 billion in the red.
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In addition, the tracks, signals, rail cars and software made in the U.S. are costlier than imports, largely because the government has not funded rail the way European and Asian countries have, experts say.
As of February 2021, the state of California has spent approximately $4.3 billion on the high-speed rail project that was planned to connect Los Angeles to San Francisco. However, it is important to note that the project is not entirely dead but has faced significant delays, cost overruns, and scaled-down plans.
Inflation and higher construction costs have contributed to the high price tag. The project has spent $9.8 billion so far, according to Brian Kelly, CEO of the California High-Speed Rail Authority. We knew we've had a funding gap ever since the project started, Kelly said.
Shinkansen, (Japanese: “New Trunk Line”) byname bullet train, pioneer high-speed passenger rail system of Japan, with lines on the islands of Honshu, Kyushu, and Hokkaido.
Americans really want high-speed rail. According to a new survey from the American Public Transportation Association, 62 percent of the 24,711 adults surveyed said they would probably or definitely use high-speed rail if it were an option. 11 percent said that they would definitely or probably not use the service.
Kelly acknowledges that the $8-billion goal is “aggressive and rightly so” because California is paying for 84% of the cost so far. “If the national government wants to get a national cleaner, faster electrified rail system, it has to do better than 16%. And so we're going to make that case,” he said.
Modelling by Virgin Hyperloop One in 2016 estimated a per-mile cost of $84 to $121 million for a cut-down 107-mile Bay Area project. This compares to a projected cost of $178 million per mile for the full Californian high speed rail project.
CLIMATEWIRE | The first U.S.-made high-speed bullet trains will start running as early as 2024 between Boston, New York and Washington, with the promise of cutting transportation emissions by attracting new rail passengers who now drive or fly.
The California High-Speed Rail is tentatively planned to open in 2030, operating the large middle section in the Central Valley which will connect Merced to Bakersfield along a 171-mile track.
The plan to build a high-speed train that will connect Las Vegas with Southern California took another important step this month. The massive transportation project by Brightline could begin as soon as this year, with an estimated completion plotted for around 2027.
The Tokaido Shinkansen has more than 340 services on average each day, with trains running every three minutes during peak hours. The Tohoku, Joetsu, Hokuriku, and Hokkaido Shinkansen networks also have a total of more than 320 services each day.