- May 1, 2025
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Californians directly authorized about $10 billion for a high-speed rail system between the Bay Location and Southern California in 2008. It's been 15 years given that the vote.
Here's a look at the most recent cost and time estimates for the conclusion of California's high-speed rail.
In 2015, construction began on a viaduct in Madera County, the very first noticeable sign of the high-speed rail task. The expense estimate had to do with $68 billion for the job then. The 119-mile Central Valley section (Merced to Bakersfield) is still under building and construction and not anticipated to have passenger service until in between 2030 and 2033.
The state requires the High-Speed Rail Authority to prepare a project upgrade every odd year and in its 2023 report, it stated that, "the greatest danger we face is complete financing-- over which we have very little control."
The initial goal of the project was to go from San Francisco to Anaheim, with another stage linking Sacramento and San Diego. In 2019, Gov. Gavin Newsom announced in his State of the State address that the length of the high-speed rail line under building and construction in the Central Valley will be much shorter, instead between Madera and Bakersfield.
Stage 1 of the task includes several segments. The first is the Central Valley segment, which is 119 miles. The 2nd sector extends north to Merced. The 3rd section would be extending it to San Francisco and then to Anaheim on what will be called the Valley-to-Valley segment.
In 2023, 171 miles are ecologically cleared and 119 miles are under building and construction, with 52 miles in sophisticated style. Here's a look at the progress and the Legislative Analyst's Office evaluation for 2023:
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Exists moneying?
The Legislative Analyst's Office shows that in between federal funds and state funds, $23.5 billion to $25.2 billion is offered for the project. The anticipated expense of Merced to Bakersfield is $35.3 billion.
The project is trying to attain an additional $8 billion in federal money.
Ridership estimates
The 2023 report revised the high-speed rail ridership estimate for the first time considering that 2020. It now estimates the Valley-to-Valley (San Francisco to Anaheim) sector will have a ridership of 11.5 million annual guests by 2040, down 39% from the previous price quote of 18.4 million guests annually.
If the high-speed rail system balanced 11.5 million people a year paying $86 for a ticket, it would take this many years to break even:
11.5 million people a year is approximately about 31,000 each day. The Pacific Surfliner trains balanced about 7,300 people each day before the pandemic.
It would take more than 1.25 billion individuals paying that $86 a ticket for the approximated $107.6 billion high-speed rail system to recover cost. That is the equivalent of 32 times the population of California in 2023.
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