More Related Content Similar to Connecting and transforming california (20) Connecting and transforming california2. ● The most ambitious tunneling
project in the nation's history.
● 68-billion high-speed rail link
between Los Angeles and San
Francisco
3. 2008 Plan
● Cost: $33 Billion
● Schedule:
○ First phase 2013 -
2017
○ Second Phase 2022
○ Full service 2029
4. ● The LA Times (2015)
● New business plan (2016)
● 2018:
○ Estimated cost: $77.3
billion
○ Partial roll-out at 2029 -
full construction 2033
5. Reasons of Failed Schedule
❖ No exact route yet
❖ No 100% land acquisition
❖ Hasn’t finished permit approvals
❖ Facing multiple lawsuits
❖ Political challenges
❖ Insufficient funding
Editor's Notes Expected cost could be up to $98.1 Billion In 2015 - This month, three dozen companies solicited by the state said they are not ready to invest.
2018 - no private investors have emerged.