Fong objects to increasing costs of HSR

Assemblyman Vince Fong released a statement this week opposing the recent $10.6-billion cost estimate for the Central Valley portion of the controversial High- Speed Rail project.

Conservatives in both state and federal government have objected to Gov. Jerry Brown’s proposal for a transportation system, the costs for which have grown increasingly over-budget. The first installment will serve the more sparsely populated central portion of California, where anticipated low ridership is projected to yield longterm revenues far below the cost of operation.

“Once again, we see more evidence that California’s High Speed Rail project is not sustainable, leaving California taxpayers on the hook,” said Fong.

“We see yet another big red flag from the recent cost estimate for the Central Valley portion of the track increasing from the original $6 billion to $10.6 billion. Recently Sacramento Democrats voted against having the High Speed Rail Authority disclose or report any fiscal changes to their plans. With no private investment, rising costs and suspect business plan, this project is continuing to go off the rails. We must have a complete financial audit of this project, which continues to burden hardworking taxpayers.”

Story First Published: 2018-01-19