11/23/2024

New bullet train business plan will show higher costs, CEO Brian Kelly says

The California bullet train will take longer to build and cost more than previously estimated under a soon-to-be-released business plan, but plans to begin the project by linking the Bay Area to the Central Valley remain intact, according to the rail authority’s new chief executive, Brian Kelly.

Kelly, who took over leadership of the project Feb. 1, said in a wide-ranging interview that he plans to make transparent the challenges facing the project in an effort to bolster confidence that it can still be successfully executed. The rail authority will issue its 2018 business plan with the new cost estimates March 9.

Kelly did not disclose the new price tag for completing the entire Los Angeles to San Francisco system, but he made clear that the $64-billion estimate from the 2016 business plan will change.

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