Risks for rising cost increases on high-speed rail construction View Larger Image The Fresno Bee » Based on a recent analysis, the California High Speed Rail Authority (HSRA) needs to increase the contingency allowance for Construction Package 1 by $150 million. The $1 billion contract for this 29-mile segment from Fresno to Madera was awarded in 2013 and includes a contingency allowance of $160 million. The HSRA says the amount is a projection and the Board must formally approve any increase. The $68 billion budget for the high-speed rail project includes an $11 billion contingency allowance. The HSRA will release a revised business plan with new cost estimates in early 2016. Michelle2018-03-07T12:52:55-08:00February 16th, 2016|California, California High Speed Rail, Design-Build, Rail| Share This Story, Choose Your Platform! FacebookTwitterEmail Related Posts ‘A fiasco from the beginning’ — Caltrans’ costs soar on $1.1 billion San Francisco tunnels April 10th, 2019 The Boring Company: What 8 Cities Really Think of Elon Musk’s Tunnel Vision March 26th, 2019 Sea level rise could threaten California cities and ports by 2040 March 21st, 2019 Can America Still Build Big? A California Rail Project Raises Doubts February 25th, 2019 How can California capture more water? Competing interests will have to compromise February 25th, 2019 DWR doesn’t expect to use Oroville Dam spillway anytime soon — but it’s preparing if necessary February 22nd, 2019 UC San Diego’s earthquake simulator will soon give truer sense of deadly temblors October 13th, 2018 WATCH: Big rig driver tries to navigate steep curve, goes over embankment instead October 13th, 2018 Gavin Newsom says he would scale back the bullet train and twin tunnels if elected October 11th, 2018
