California's high-speed rail is running out of money, but progress has been made

[MichMan]

4. Where did the $9.8 billion go ?

But 15 years later, there is not a single mile of track laid, and executives involved say there isn’t enough money to finish the project. The latest estimates from the California High-Speed Rail Authority suggest it will cost between $88 billion and $128 billion to complete the entire system from LA to San Francisco. Inflation and higher construction costs have contributed to the high price tag.

The project has spent $9.8 billion so far, according to Brian Kelly, CEO of the California High-Speed Rail Authority. ... “We knew we’ve had a funding gap ever since the project started,”