(Source: Los Angeles Times, November 5, 2015)
LOS ANGELES — Did the California High-Speed Rail Authority downplay potential cost increases for the state’s controversial bullet train? In a draft PowerPoint presentation dated October 2013, the agency’s project management consultant estimated that the cost of the first phase of the line, from Burbank to Merced, could grow to about $36 billion. Yet the authority ended up putting a lower cost estimate in its official business plan released four months later, The Times recently reported.
Full story: Los Angeles Times