The Biden administration restored a $929-million federal grant for the California bullet train project, but it's still mired in delays and cost overruns.
. The restoration was the result of a settlement from a lawsuit brought by California, claiming the U.S. Department of Transportation acted improperly in taking the money away.
As Ralph Vartabedian in The Times notes, however, the nearly $1 billion returned to the project doesn’t mean it now suddenly has a lot more funding; the state rail authority never removed the money from its budget of forecast revenues.to the project as a signal to federal officials that the state is fully committed. Should that occur, it would mark the first time the state has allocated a substantial amount of general fund revenues to the project.
A revised business plan for the project estimates that the total cost of building the full system connecting the two major California cities could reach $100 billion, up from an estimated $98 billion a year ago. Meanwhile, the rail authority has projected it will be completed sometime in the mid-2030s. However, a funding gap of $80 billion remains.
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