Overview
- The California High-Speed Rail Authority’s new update targets initial Central Valley service in 2032 and pegs the Merced–Bakersfield segment at nearly $37 billion.
- The authority outlined scenarios to reach Gilroy by 2038 for $54.4 billion or extend to both Gilroy and Palmdale for more than $87 billion, with local links needed to San Francisco and Los Angeles.
- The update indicates Merced could be dropped from the early route in favor of Gilroy based on low ridership projections, a change that remains under consideration.
- Project leaders say a long-term $1 billion yearly stream from cap-and-trade through 2045 would close the funding gap for the Central Valley segment.
- Roughly 119 miles are under construction in the Central Valley as total costs are now reported above $120 billion and the federal government has rescinded $4 billion, prompting a state lawsuit.