The cost of California’s high-speed rail project is not increasing. That was the message from rail officials during an Assembly oversight hearing today.
The California High-Speed Rail Authority spent much of the hearing pushing back on a recent L.A. Times article reporting cost estimates for the first phase of the $68 billion project had increased 31 percent.
Rail Authority CEO Jeff Morales said that’s not accurate.
“There was no 31 percent increase in the cost of the program,” he said. “We did not withhold information about a cost increase in the program because there was no increase in the program.”
Rail officials will soon release an updated business plan. They insist it will show project costs are actually dropping.