CA: Federal Warning of Higher HSR Costs Prompts Sharp Opinions, Plans for Congressional Hearings

A confidential estimate by federal regulators that the cost of California’s bullet train project could jump significantly has prompted critics of the $64-billion Los Angeles-to-San Francisco rail effort to call for new investigations and proponents to disclaim reports that project costs are growing.

The federal estimate has been the most troubling assessment of the rail project to surface, particularly as it was produced by the Federal Railroad Administration, an agency that has strongly supported the state. The estimate, formally a risk analysis that was presented to top state rail authority executives on Dec. 1 in Washington, D.C., was obtained by The Times from individuals close to the project and disclosed last week.

State officials have accused The Times of mischaracterizing its findings. In a letter to members of the Legislature, the California High-Speed Rail Authority accused The Times of incorrectly using internal deliberations to suggest cost overruns and delays that are not borne out by facts.

Read the complete article at http://www.latimes.com/local/california/la-me-bullet-train-react-20170116-story.html