CA High Speed "Bullet Train" Price Tag Increases By Five Billion Dollars

The cost of building the Central Valley portion of the high-speed rail line from San Francisco to Los Angeles is going up $5 billion. That's how much the rail authority is asking for in the short term. The project's price tag has steadily risen since voters first approved nearly $10 billion in bond money in 2008. At the time, the total cost was pegged at $40 billion. Today, the rail authority reportedly needs at least another $105 billion to complete the project. The first part of the line will run through the Central Valley, taking passengers from Merced to Bakersfield.