The $20.4-billion cost to build the Bakersfield to Merced line would take almost all of the rail authority’s funding through 2030. It includes all the bonds that taxpayers approved in 2008, all the federal grants provided by the Obama Administration and all of the 25% share of greenhouse-gas fees that the state collects in quarterly auctions. It is unclear how the rail authority would complete the partial operating segment by 2026 on funding that does not arrive fully until 2030.

Source: Los Angeles Times April 30, 2019 23:03 UTC