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- Why California’s High-Speed Rail Project Faces Delays: Explained
Why California’s High-Speed Rail Project Faces Delays: Explained
Discover why California's high-speed rail project is experiencing delays, impacting its estimated completion time and budget. Learn about the progress made, ongoing challenges, and future plans for this ambitious transportation initiative.
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Video Summary & Chapters
No chapters for this video generated yet.
Video Transcript
Imagine walking into a state of the art train in
downtown San Francisco and traveling at speeds of
more than 200mph and arriving in Los Angeles less
than three hours
later. No airport security lines, no traffic
jams.
This is what California voters envisioned back in
2008 when they voted yes on high-speed
rail. But here we are 15 years later.
At the time it was estimated to cost $33 billion
and would be complete
by 2020.
What happened?
At that time when we went to California voters,
you know, that was for a portion of the
funding. And I think that's something that we're
trying to be very clear about, is that we've never
had the full funding to construct and complete
high speed rail in California.
Progress has been made.
We have one segment that's going to be completed
this year.
We're working very hard to get the other two
segments done, and we're also doing a lot of the
design work for Merced and into Bakersfield.
But there is not enough money left to complete the
project.
Not even close.
The latest estimates show it will cost up to $128
billion to connect San
Francisco to L.A.
The project has spent to date about $9.8 billion.
We knew we've had a funding gap ever since the
project started.
What I know is this the earlier we build it, the
cheaper it will be.
CNBC visited California's Central Valley, where
construction is underway to find
out what it will take to complete what would be
the nation's largest infrastructure project.
High-speed rail dates back nearly 60 years.
The world watched in awe as Japan displayed its
newly built bullet train during the
1964 Tokyo Olympics.
Japan's Shinkansen has since carried more than
6.4 billion passengers without a
single accident.
Talk of high-speed rail in California started in
the 1980s, right as Europe was starting to build
out its high-speed rail network.
The California High Speed Rail Authority was
established in 1996, but things didn't really
start happening until California voted yes on a
$9 billion bond authorization.
The real turning point came about 2008, 2009.
However, it was very controversial at the
beginning.
I mean, it still is, of course.
But but we did get it off the ground and we got
the construction going.
The plan is to build an electric train that will
connect Los Angeles to the Central Valley and then
San Francisco in two hours and 40 minutes.
Phase two of the plan will eventually extend from
Sacramento to San Diego, totaling
800 miles, with up to 24 stops.
Why does the train go through the Central Valley?
You know, I look at a map and I'm like, well,
what if it went along Highway Five?
Was that ever considered?
We were never on the five corridor.
And there's a reason for that. The bond bill that
passed in 2008, it required the high-speed rail
authority to connect the cities of the Bay Area
with the cities of the Central
Valley and then back to the cities of Southern
California.
Brian Kelly became CEO of the California
High-Speed Rail Authority in 2018.
And Dan Richard, the former chairman of the
California High-Speed Rail Authority Board of
Video Summary & Chapters
No chapters for this video generated yet.
Video Transcript
Imagine walking into a state of the art train in
downtown San Francisco and traveling at speeds of
more than 200mph and arriving in Los Angeles less
than three hours
later. No airport security lines, no traffic
jams.
This is what California voters envisioned back in
2008 when they voted yes on high-speed
rail. But here we are 15 years later.
At the time it was estimated to cost $33 billion
and would be complete
by 2020.
What happened?
At that time when we went to California voters,
you know, that was for a portion of the
funding. And I think that's something that we're
trying to be very clear about, is that we've never
had the full funding to construct and complete
high speed rail in California.
Progress has been made.
We have one segment that's going to be completed
this year.
We're working very hard to get the other two
segments done, and we're also doing a lot of the
design work for Merced and into Bakersfield.
But there is not enough money left to complete the
project.
Not even close.
The latest estimates show it will cost up to $128
billion to connect San
Francisco to L.A.
The project has spent to date about $9.8 billion.
We knew we've had a funding gap ever since the
project started.
What I know is this the earlier we build it, the
cheaper it will be.
CNBC visited California's Central Valley, where
construction is underway to find
out what it will take to complete what would be
the nation's largest infrastructure project.
High-speed rail dates back nearly 60 years.
The world watched in awe as Japan displayed its
newly built bullet train during the
1964 Tokyo Olympics.
Japan's Shinkansen has since carried more than
6.4 billion passengers without a
single accident.
Talk of high-speed rail in California started in
the 1980s, right as Europe was starting to build
out its high-speed rail network.
The California High Speed Rail Authority was
established in 1996, but things didn't really
start happening until California voted yes on a
$9 billion bond authorization.
The real turning point came about 2008, 2009.
However, it was very controversial at the
beginning.
I mean, it still is, of course.
But but we did get it off the ground and we got
the construction going.
The plan is to build an electric train that will
connect Los Angeles to the Central Valley and then
San Francisco in two hours and 40 minutes.
Phase two of the plan will eventually extend from
Sacramento to San Diego, totaling
800 miles, with up to 24 stops.
Why does the train go through the Central Valley?
You know, I look at a map and I'm like, well,
what if it went along Highway Five?
Was that ever considered?
We were never on the five corridor.
And there's a reason for that. The bond bill that
passed in 2008, it required the high-speed rail
authority to connect the cities of the Bay Area
with the cities of the Central
Valley and then back to the cities of Southern
California.
Brian Kelly became CEO of the California
High-Speed Rail Authority in 2018.
And Dan Richard, the former chairman of the
California High-Speed Rail Authority Board of
Video Summary & Chapters
No chapters for this video generated yet.
Video Transcript
Imagine walking into a state of the art train in
downtown San Francisco and traveling at speeds of
more than 200mph and arriving in Los Angeles less
than three hours
later. No airport security lines, no traffic
jams.
This is what California voters envisioned back in
2008 when they voted yes on high-speed
rail. But here we are 15 years later.
At the time it was estimated to cost $33 billion
and would be complete
by 2020.
What happened?
At that time when we went to California voters,
you know, that was for a portion of the
funding. And I think that's something that we're
trying to be very clear about, is that we've never
had the full funding to construct and complete
high speed rail in California.
Progress has been made.
We have one segment that's going to be completed
this year.
We're working very hard to get the other two
segments done, and we're also doing a lot of the
design work for Merced and into Bakersfield.
But there is not enough money left to complete the
project.
Not even close.
The latest estimates show it will cost up to $128
billion to connect San
Francisco to L.A.
The project has spent to date about $9.8 billion.
We knew we've had a funding gap ever since the
project started.
What I know is this the earlier we build it, the
cheaper it will be.
CNBC visited California's Central Valley, where
construction is underway to find
out what it will take to complete what would be
the nation's largest infrastructure project.
High-speed rail dates back nearly 60 years.
The world watched in awe as Japan displayed its
newly built bullet train during the
1964 Tokyo Olympics.
Japan's Shinkansen has since carried more than
6.4 billion passengers without a
single accident.
Talk of high-speed rail in California started in
the 1980s, right as Europe was starting to build
out its high-speed rail network.
The California High Speed Rail Authority was
established in 1996, but things didn't really
start happening until California voted yes on a
$9 billion bond authorization.
The real turning point came about 2008, 2009.
However, it was very controversial at the
beginning.
I mean, it still is, of course.
But but we did get it off the ground and we got
the construction going.
The plan is to build an electric train that will
connect Los Angeles to the Central Valley and then
San Francisco in two hours and 40 minutes.
Phase two of the plan will eventually extend from
Sacramento to San Diego, totaling
800 miles, with up to 24 stops.
Why does the train go through the Central Valley?
You know, I look at a map and I'm like, well,
what if it went along Highway Five?
Was that ever considered?
We were never on the five corridor.
And there's a reason for that. The bond bill that
passed in 2008, it required the high-speed rail
authority to connect the cities of the Bay Area
with the cities of the Central
Valley and then back to the cities of Southern
California.
Brian Kelly became CEO of the California
High-Speed Rail Authority in 2018.
And Dan Richard, the former chairman of the
California High-Speed Rail Authority Board of
Video Summary & Chapters
No chapters for this video generated yet.
Video Transcript
Imagine walking into a state of the art train in
downtown San Francisco and traveling at speeds of
more than 200mph and arriving in Los Angeles less
than three hours
later. No airport security lines, no traffic
jams.
This is what California voters envisioned back in
2008 when they voted yes on high-speed
rail. But here we are 15 years later.
At the time it was estimated to cost $33 billion
and would be complete
by 2020.
What happened?
At that time when we went to California voters,
you know, that was for a portion of the
funding. And I think that's something that we're
trying to be very clear about, is that we've never
had the full funding to construct and complete
high speed rail in California.
Progress has been made.
We have one segment that's going to be completed
this year.
We're working very hard to get the other two
segments done, and we're also doing a lot of the
design work for Merced and into Bakersfield.
But there is not enough money left to complete the
project.
Not even close.
The latest estimates show it will cost up to $128
billion to connect San
Francisco to L.A.
The project has spent to date about $9.8 billion.
We knew we've had a funding gap ever since the
project started.
What I know is this the earlier we build it, the
cheaper it will be.
CNBC visited California's Central Valley, where
construction is underway to find
out what it will take to complete what would be
the nation's largest infrastructure project.
High-speed rail dates back nearly 60 years.
The world watched in awe as Japan displayed its
newly built bullet train during the
1964 Tokyo Olympics.
Japan's Shinkansen has since carried more than
6.4 billion passengers without a
single accident.
Talk of high-speed rail in California started in
the 1980s, right as Europe was starting to build
out its high-speed rail network.
The California High Speed Rail Authority was
established in 1996, but things didn't really
start happening until California voted yes on a
$9 billion bond authorization.
The real turning point came about 2008, 2009.
However, it was very controversial at the
beginning.
I mean, it still is, of course.
But but we did get it off the ground and we got
the construction going.
The plan is to build an electric train that will
connect Los Angeles to the Central Valley and then
San Francisco in two hours and 40 minutes.
Phase two of the plan will eventually extend from
Sacramento to San Diego, totaling
800 miles, with up to 24 stops.
Why does the train go through the Central Valley?
You know, I look at a map and I'm like, well,
what if it went along Highway Five?
Was that ever considered?
We were never on the five corridor.
And there's a reason for that. The bond bill that
passed in 2008, it required the high-speed rail
authority to connect the cities of the Bay Area
with the cities of the Central
Valley and then back to the cities of Southern
California.
Brian Kelly became CEO of the California
High-Speed Rail Authority in 2018.
And Dan Richard, the former chairman of the
California High-Speed Rail Authority Board of
Video Summary & Chapters
No chapters for this video generated yet.
Video Transcript
Imagine walking into a state of the art train in
downtown San Francisco and traveling at speeds of
more than 200mph and arriving in Los Angeles less
than three hours
later. No airport security lines, no traffic
jams.
This is what California voters envisioned back in
2008 when they voted yes on high-speed
rail. But here we are 15 years later.
At the time it was estimated to cost $33 billion
and would be complete
by 2020.
What happened?
At that time when we went to California voters,
you know, that was for a portion of the
funding. And I think that's something that we're
trying to be very clear about, is that we've never
had the full funding to construct and complete
high speed rail in California.
Progress has been made.
We have one segment that's going to be completed
this year.
We're working very hard to get the other two
segments done, and we're also doing a lot of the
design work for Merced and into Bakersfield.
But there is not enough money left to complete the
project.
Not even close.
The latest estimates show it will cost up to $128
billion to connect San
Francisco to L.A.
The project has spent to date about $9.8 billion.
We knew we've had a funding gap ever since the
project started.
What I know is this the earlier we build it, the
cheaper it will be.
CNBC visited California's Central Valley, where
construction is underway to find
out what it will take to complete what would be
the nation's largest infrastructure project.
High-speed rail dates back nearly 60 years.
The world watched in awe as Japan displayed its
newly built bullet train during the
1964 Tokyo Olympics.
Japan's Shinkansen has since carried more than
6.4 billion passengers without a
single accident.
Talk of high-speed rail in California started in
the 1980s, right as Europe was starting to build
out its high-speed rail network.
The California High Speed Rail Authority was
established in 1996, but things didn't really
start happening until California voted yes on a
$9 billion bond authorization.
The real turning point came about 2008, 2009.
However, it was very controversial at the
beginning.
I mean, it still is, of course.
But but we did get it off the ground and we got
the construction going.
The plan is to build an electric train that will
connect Los Angeles to the Central Valley and then
San Francisco in two hours and 40 minutes.
Phase two of the plan will eventually extend from
Sacramento to San Diego, totaling
800 miles, with up to 24 stops.
Why does the train go through the Central Valley?
You know, I look at a map and I'm like, well,
what if it went along Highway Five?
Was that ever considered?
We were never on the five corridor.
And there's a reason for that. The bond bill that
passed in 2008, it required the high-speed rail
authority to connect the cities of the Bay Area
with the cities of the Central
Valley and then back to the cities of Southern
California.
Brian Kelly became CEO of the California
High-Speed Rail Authority in 2018.
And Dan Richard, the former chairman of the
California High-Speed Rail Authority Board of
Video Summary & Chapters
No chapters for this video generated yet.
Video Transcript
Imagine walking into a state of the art train in
downtown San Francisco and traveling at speeds of
more than 200mph and arriving in Los Angeles less
than three hours
later. No airport security lines, no traffic
jams.
This is what California voters envisioned back in
2008 when they voted yes on high-speed
rail. But here we are 15 years later.
At the time it was estimated to cost $33 billion
and would be complete
by 2020.
What happened?
At that time when we went to California voters,
you know, that was for a portion of the
funding. And I think that's something that we're
trying to be very clear about, is that we've never
had the full funding to construct and complete
high speed rail in California.
Progress has been made.
We have one segment that's going to be completed
this year.
We're working very hard to get the other two
segments done, and we're also doing a lot of the
design work for Merced and into Bakersfield.
But there is not enough money left to complete the
project.
Not even close.
The latest estimates show it will cost up to $128
billion to connect San
Francisco to L.A.
The project has spent to date about $9.8 billion.
We knew we've had a funding gap ever since the
project started.
What I know is this the earlier we build it, the
cheaper it will be.
CNBC visited California's Central Valley, where
construction is underway to find
out what it will take to complete what would be
the nation's largest infrastructure project.
High-speed rail dates back nearly 60 years.
The world watched in awe as Japan displayed its
newly built bullet train during the
1964 Tokyo Olympics.
Japan's Shinkansen has since carried more than
6.4 billion passengers without a
single accident.
Talk of high-speed rail in California started in
the 1980s, right as Europe was starting to build
out its high-speed rail network.
The California High Speed Rail Authority was
established in 1996, but things didn't really
start happening until California voted yes on a
$9 billion bond authorization.
The real turning point came about 2008, 2009.
However, it was very controversial at the
beginning.
I mean, it still is, of course.
But but we did get it off the ground and we got
the construction going.
The plan is to build an electric train that will
connect Los Angeles to the Central Valley and then
San Francisco in two hours and 40 minutes.
Phase two of the plan will eventually extend from
Sacramento to San Diego, totaling
800 miles, with up to 24 stops.
Why does the train go through the Central Valley?
You know, I look at a map and I'm like, well,
what if it went along Highway Five?
Was that ever considered?
We were never on the five corridor.
And there's a reason for that. The bond bill that
passed in 2008, it required the high-speed rail
authority to connect the cities of the Bay Area
with the cities of the Central
Valley and then back to the cities of Southern
California.
Brian Kelly became CEO of the California
High-Speed Rail Authority in 2018.
And Dan Richard, the former chairman of the
California High-Speed Rail Authority Board of
Video Summary & Chapters
No chapters for this video generated yet.
Video Transcript
Imagine walking into a state of the art train in
downtown San Francisco and traveling at speeds of
more than 200mph and arriving in Los Angeles less
than three hours
later. No airport security lines, no traffic
jams.
This is what California voters envisioned back in
2008 when they voted yes on high-speed
rail. But here we are 15 years later.
At the time it was estimated to cost $33 billion
and would be complete
by 2020.
What happened?
At that time when we went to California voters,
you know, that was for a portion of the
funding. And I think that's something that we're
trying to be very clear about, is that we've never
had the full funding to construct and complete
high speed rail in California.
Progress has been made.
We have one segment that's going to be completed
this year.
We're working very hard to get the other two
segments done, and we're also doing a lot of the
design work for Merced and into Bakersfield.
But there is not enough money left to complete the
project.
Not even close.
The latest estimates show it will cost up to $128
billion to connect San
Francisco to L.A.
The project has spent to date about $9.8 billion.
We knew we've had a funding gap ever since the
project started.
What I know is this the earlier we build it, the
cheaper it will be.
CNBC visited California's Central Valley, where
construction is underway to find
out what it will take to complete what would be
the nation's largest infrastructure project.
High-speed rail dates back nearly 60 years.
The world watched in awe as Japan displayed its
newly built bullet train during the
1964 Tokyo Olympics.
Japan's Shinkansen has since carried more than
6.4 billion passengers without a
single accident.
Talk of high-speed rail in California started in
the 1980s, right as Europe was starting to build
out its high-speed rail network.
The California High Speed Rail Authority was
established in 1996, but things didn't really
start happening until California voted yes on a
$9 billion bond authorization.
The real turning point came about 2008, 2009.
However, it was very controversial at the
beginning.
I mean, it still is, of course.
But but we did get it off the ground and we got
the construction going.
The plan is to build an electric train that will
connect Los Angeles to the Central Valley and then
San Francisco in two hours and 40 minutes.
Phase two of the plan will eventually extend from
Sacramento to San Diego, totaling
800 miles, with up to 24 stops.
Why does the train go through the Central Valley?
You know, I look at a map and I'm like, well,
what if it went along Highway Five?
Was that ever considered?
We were never on the five corridor.
And there's a reason for that. The bond bill that
passed in 2008, it required the high-speed rail
authority to connect the cities of the Bay Area
with the cities of the Central
Valley and then back to the cities of Southern
California.
Brian Kelly became CEO of the California
High-Speed Rail Authority in 2018.
And Dan Richard, the former chairman of the
California High-Speed Rail Authority Board of
