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March 12, 2018

California bullet train costs soar to $77B

SACRAMENTO, Calif. (AP) — The projected cost of California's bullet train between San Francisco and Los Angeles has jumped to $77 billion and the opening date has been pushed back four years to 2033, according to a business plan released Friday.

The two-year plan presented by the California High-Speed Rail Authority presents the latest setbacks for a project that's been beleaguered by delays and cost overruns since voters first gave it the greenlight in 2008.

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