This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Timeline of California’s yearslong and ‘disastrously overpriced’ high-speed rail undertaking
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Economy > Timeline of California’s yearslong and ‘disastrously overpriced’ high-speed rail undertaking
Economy

Timeline of California’s yearslong and ‘disastrously overpriced’ high-speed rail undertaking

Editorial Board Published July 18, 2025
Share
Timeline of California’s yearslong and ‘disastrously overpriced’ high-speed rail undertaking
SHARE

‘The Huge Cash Present’ panel discusses President Donald Trump’s determination to tug the plug on California’s high-speed rail undertaking after 16 years of not laying one observe.

Transportation Secretary Sean Duffy terminated $4 billion in unspent federal funding for California’s high-speed rail undertaking Wednesday, citing round $15 billion spent with no single high-speed observe laid down.

The overall value of the undertaking, estimated to be round $135 billion, might purchase each resident of San Francisco and Los Angeles almost 200 round-trip flights between the 2 California cities, in accordance with an announcement Wednesday from the U.S. Division of Transportation.

“To the law-abiding, tax-paying, hardworking citizens of the United States of America, I am thrilled to announce that I have officially freed you from funding California’s disastrously overpriced, ‘HIGH SPEED TRAIN TO NOWHERE,’” President Donald Trump wrote on Reality Social Wednesday.

TRUMP ADMIN PULLS PLUG ON $4B FOR CALIFORNIA’S ‘TRAIN TO NOWHERE’ PROJECT

Transportation Secretary Sean Duffy terminated $4 billion in unspent federal funding for California’s high-speed rail undertaking Wednesday. (David Paul Morris/Bloomberg by way of Getty Photographs / Getty Photographs)

Final month, Duffy launched a 300-page report performed by the Federal Railroad Administration that examined the undertaking. It discovered missed deadlines, delays, mismanagement, waste, skyrocketing prices, price range shortfalls and overrepresentation of projected ridership.  

CONSERVATIVE GROUP CALLS FOR HALT TO FEDERAL FUNDING OF CALIFORNIA HIGH-SPEED RAIL

The report additionally mentioned there’s a $7 billion funding hole to finish a subset of the primary part within the Central Valley from Merced to Bakersfield, often called the Early Working Section (EOS).

California’s high-speed rail undertaking was initially touted as a two-phase system connecting Los Angeles to San Francisco and, later, north to Sacramento and south to San Diego. Since then, the undertaking’s footprint has been diminished considerably from an 800-mile phase to a 171-mile phase. 

rail project Timeline:

1981: California works with Japanese companions to discover the feasibility of a high-speed rail hall in Southern California.

1996: California’s Intercity Excessive-Velocity Rail Fee decides that constructing a high-speed rail is feasible. The State Legislature creates the California Excessive-Velocity Rail Authority to supervise the rail undertaking.

2008: California voters approve Proposition 1A, allocating $9 billion to the California Excessive-Velocity Rail Authority for the rail’s planning and building.

2015: California holds an official groundbreaking ceremony in Fresno to mark the start of building of the primary 29-mile phase of the rail.

2019: The Trump administration introduced it was exploring choices to reclaim $2.5 billion in federal funds spent by California on the rail and that it meant to cancel $928 million in federal grants not but paid for the undertaking.

SEC DUFFY TO INVESTIGATE LA’S LONG-DELAYED HIGH-SPEED RAIL PROJECT: ‘WHO GOT THE CASH?’

2023: The Biden administration sends California almost $3.1 billion in federal taxpayer funds for high-speed rail.

February 2024: The undertaking’s first building bundle, which covers 22.5 miles within the Central Valley, reaches “substantial completion.”

June 2024: The 38-mile Palmdale-to-Burbank phase of the rail is environmentally cleared.

Sean Duffy, US secretary of transportation, during a swearing-in ceremony in Washington, DC, US, on Wednesday, Jan. 29, 2025. Duffy tackled his first road rules challenge within hours of taking the helm of the Transportation Department, ordering a rewrite Tuesday night of stringent federal fuel economy rules for cars that were enacted by former President Joe Biden. Photographer: Chris Kleponis/CNP/Bloomberg via Getty Images

Final month, Duffy launched a 300-page report performed by the Federal Railroad Administration that examined the undertaking.  (Chris Kleponis/CNP/Bloomberg  / Getty Photographs)

February 2025: President Trump requires an audit of California’s high-speed rail undertaking.

June 2025: Transportation Secretary Sean Duffy releases a scathing report exposing what he says is an infeasible high-speed rail undertaking.

July 2025: Duffy declares the termination of $4 billion in unspent federal funding by the Federal Railroad Administration for the undertaking.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

TAGGED:CaliforniasdisastrouslyhighspeedOverpricedprojectrailtimelineyearslong
Share This Article
Twitter Email Copy Link Print
Previous Article The Late Present CANCELED by CBS After 30 Seasons The Late Present CANCELED by CBS After 30 Seasons
Next Article DOJ’s newest firing ensures Epstein scandal will not go away DOJ’s newest firing ensures Epstein scandal will not go away

Editor's Pick

A brand new elite member bank card is out as issuers goal rich prospects

A brand new elite member bank card is out as issuers goal rich prospects

A ‘Mornings with Maria’ panel offers their reactions to the December jobs report, detailing the influence it could have on…

By Editorial Board 5 Min Read
Two-Legged Chihuahua Saves Proprietor’s Life by Detecting Coronary heart Assault
Two-Legged Chihuahua Saves Proprietor’s Life by Detecting Coronary heart Assault

Andrew with Champ – credit score, SWNS A two-legged Chihuahua named Champ…

3 Min Read
Man establishes tiny republic of 400 individuals in disputed Croatia-Serbia border territory
Man establishes tiny republic of 400 individuals in disputed Croatia-Serbia border territory

A person has declared himself president of a self-proclaimed nation nestled in…

6 Min Read

Oponion

American local weather journalist Alec Luhn lacking on Norwegian glacier

American local weather journalist Alec Luhn lacking on Norwegian glacier

A search is underway for award-winning local weather journalist Alec…

August 5, 2025

Horoscopes April 18, 2025: America Ferrera, place your self strategically

CELEBRITIES BORN ON THIS DAY: America…

April 18, 2025

Equitable Chairman Departs Over Communications That Didn’t Meet Standards

Equitable Holdings Inc. and its AllianceBernstein…

October 25, 2021

15 Greatest Aluminum-Free Deodorants for Males in 2024 | Fashion

There are some chemical compounds on…

September 16, 2024

Fashion Mogul Agrees to Extradition to U.S. to Face Sex Charges

TORONTO—Peter Nygard, the Canadian fashion and…

October 1, 2021

You Might Also Like

Younger People drowning in bank card debt as delinquency charges climb close to 10% in Q2
Economy

Younger People drowning in bank card debt as delinquency charges climb close to 10% in Q2

Younger People continued to make up the most important share of these transitioning into bank card delinquency within the second…

3 Min Read
Arizona metropolis defeats large information heart mission over water, power considerations
Economy

Arizona metropolis defeats large information heart mission over water, power considerations

Try what's clicking on FoxBusiness.com. A large information heart that was slated for southern Arizona could also be no extra…

5 Min Read
Fed official calls July jobs report ‘regarding’ as financial system hits potential turning level
Economy

Fed official calls July jobs report ‘regarding’ as financial system hits potential turning level

Federal Reserve Governor Lisa Cook dinner mentioned throughout a panel on the Boston Fed that the weak jobs knowledge and…

5 Min Read
Penske rebukes DHS after brokers come out of vehicles throughout immigration raid
Economy

Penske rebukes DHS after brokers come out of vehicles throughout immigration raid

Former Appearing DHS Secretary Chad Wolf discusses the response to an unlawful immigrant accused of killing a New Jersey mom…

2 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?