Is the high -speed railway project in California the largest infrastructure in history? With the spending of $ 13 billion of taxpayers ’money and nothing to show it, it must be at the top of the list, and the new CEO of the project has made matters worse.
A general bond was approved covering about a third of the estimated cost in 2008, while politicians have promised that the train service would open by 2020. Five years have now passed at that deadline, Not a single path was placed. If this is not a picture of the lack of efficiency, I do not know what it is.
Related: California’s lead train with a value of $ 113 billion to anywhere
Given the failure of the California government to provide something tangible for all the money it spent, the new CEO of the project management was brought. Ian Chaudhry was appointed in August and took an optimistic approach, claiming that he could manage the disaster. So, what the expected new says partial The date of completion If the state can secure private financing? Do you sit, because you may want to sit for this. I don’t want anyone to get hurt from falling into laughter. Well, are you ready?
According to To choudri, They will work on the project in 2045. Yes, you need California now Two other contracts To finish high -speed railway.
Ian Chaudhry, who was appointed CEO of the high -speed railway in California in August, is charged with activating the largest infrastructure project in the center of the country Height costs And new concerns from the Trump administration It can withdraw 4 billion dollars in Federal financing.
“We started this, and we are not successful,” said Ch Xodry. “This was the main reason that makes me say, let’s enter, turn it completely, and its holiday to the place it should have been. Fixing all problems, stability in financing, and we think for the rest of the world that when we decide that we want to do that, we will do so already.”
Voters first agreed to $ 10 billion in bond money in 2008 to cover about a third of the estimated cost of a promise that the train would work and continue by 2020.
Keep in mind that the above timetable depends on private sector investors in some way to set fire to their money. If California cannot get any of the wealthy beneficiaries to play along, the cash flow will run out, and the taxpayers will be left with the bag. Currently, about $ 4 billion of federal funding is suspended in the balance, and President Donald Trump has a lot of incentives to pull it.
The project price now exceeds $ 100 billion, or more than three times the initial estimate. It was mostly funded by the state through the bonds and funds approved by voters from the state’s maximum program. Less than a quarter of funds from the federal government.
The authority has already spent about 13 billion dollars. The state now From the money of the bondsAnd officials need to reach a financing plan for the central valley sector by mid -2016, according to the Office of the Inspector General who supervises the project.
I saw nothing like that. We have been talking about the high -speed rail project in California 17 years ago, and the Democratic California leadership is so terrible and that it had spent $ 13 billion without placing the first track. Is it crazy to wonder if this is a plan to line up on the pockets of politicians? Because I am confused as I went all this money. Many can only be legally spent on surveys and planning sessions.
And reassure him, this He is The failure of the democratic ruling class in California. In Florida, a high -speed railway project between Orlando and Miami began in 2014 and completed it in just four years. the The total cost It was only 6 billion dollars. Meanwhile, California expects that more than $ 100 billion will be spent to end the high -speed railway. Yes, good luck with that.
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