The California High-Speed Rail Authority, led by new CEO Ian Choudri, is facing significant challenges in securing funding and meeting project deadlines. Originally projected to be funded largely through a $10 billion voter-approved bond from 2008, costs have skyrocketed to over $100 billion. Choudri is working to stabilize funding and reinvigorate the project, which has seen significant delays with no construction yet. The completion date might stretch nearly two decades into the future, and private funding may require state assurances for repayment to proceed.
Ian Choudri, who was appointed CEO of the California High-Speed Rail Authority in August, is tasked with reinvigorating the nation's largest infrastructure project amid skyrocketing costs and new fears that the Trump administration could pull $4 billion in federal funding.
Five years past that deadline, no tracks have been laid and Choudri acknowledges it may take nearly two more decades to complete most of the San Francisco-to-Los Angeles segment, even if funding is secured.
Collection
[
|
...
]