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Journal of No. 118


February 17th, 2016

Continuing Cassandra Complex @ 06:31 am

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It will likely cost $260 million more to create the much needed high speed rail link for travellers to get from Merced to Bakersfield. This is a 5% increase on the initial $5 billion segment.

"The construction is running more than two years behind schedule, though the rail authority has said it has enough “float” to complete the work on time. Its own funding plan shows that it will not finish until 2019. The original plan was to compete the work in 2017, when federal grants expire."

But at least the project has raised $0 in private funding. Of course, such funding is not expected until "the system is generating positive cash flow." I should live so long.
 
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Journal of No. 118