Biden Administration Announces $8.2 Billion Investment in Rail Projects
Critics question the feasibility of the California high-speed rail project, which has faced significant delays and budget overruns.
- President Biden has announced a federal investment of $8.2 billion in 10 major passenger rail projects across the country, including an electric rail line between California and Nevada.
- California and Nevada will receive $3 billion for a privately owned electric rail route between Los Angeles and Las Vegas, and California will receive another $3.1 billion for a publicly funded effort to connect L.A. and San Francisco.
- The California-Nevada project has no start date, but it could happen before the 2028 summer Olympics in Los Angeles.
- The California high-speed rail project, dubbed the 'train to nowhere' by critics, has been under development for more than a decade and has faced significant delays and budget overruns.
- The project was originally planned as a $33 billion project consisting of 1,955 miles of railway connecting San Francisco to Los Angeles, but has been scaled down to a 171-mile railway connecting Bakersfield, Fresno and Merced that isn't expected to be operational until 2030.