California high-speed rail could run out of money by December 2027, as authority cuts train order in half
First publishedAug 11, 22:08 UTC
Last updatedAug 11, 22:41 UTC · 15m ago
1 outlet
CBS News
1 outlets over time — hover a bar for its window & outletslast updated
Answer
The watchdog's review warns the $4 billion federal funding loss now leaves the project needing billions in financing within 16 months — as the rail authority acknowledges for the first time that it still has no train contract, has cut its order from six trains to three, and has dropped the "Buy America" requirement.
Reported by 1 outlet — CBS News. See all sources ↓
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In brief
- What's the story?
- The watchdog's review warns the $4 billion federal funding loss now leaves the project needing billions in financing within 16 months — as the rail authority acknowledges for the first time that it still has no train contract, has cut its order from six trains to three, and has dropped the "Buy America" requirement.
- How widely is it covered?
- 1 outlet, average source rating 8.0/10.
- When was it last updated?
- 15m ago.
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California high-speed rail could run out of money by December 2027, as authority cuts train order in half
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Avg source rating 8.0/10Processing cluster
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