California High-Speed Rail Project Faces $100 Billion Shortfall

The California High-Speed Rail Authority needs an additional $100 billion to complete the San Francisco to Los Angeles route, with no completion date set.

The project, originally estimated at $33 billion, now requires over $130 billion to finish.
CEO Brian Kelly informed state legislators of the funding gap, highlighting the project's reliance on federal funds.
Construction on the Central Valley segment continues, with completion expected between 2030 and 2033.
Critics argue the project is a financial boondoggle, questioning the public demand for the rail service.
The Biden administration has shown support for high-speed rail, contrasting with previous federal opposition.