High-speed rail executives asked skeptical lawmakers Monday to provide more stable, long-term funding for the bullet train in the face of ballooning costs.
Brian Kelly, the project's chief executive, said he has only about a third of the money needed to complete the project, now pegged at costing $77 billion. It's supposed to be up and running between San Francisco and Los Angeles by 2033.
Lawmakers and analysts questioned whether the project can realistically be finished.
The authority has in hand between $20 billion and $28 billion of the project's likely $77 billion price tag.
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