California’s High-Speed Rail Nears a Crossroads: Billions Invested, Billions Still Needed

As construction of California’s ambitious high-speed rail project advances on the first operational segment, the state is also confronting the challenge of financing a system that could ultimately exceed $90 billion. In its 2025 supplemental update, the California High-Speed Rail Authority (CHSRA) reported steady progress on the 171-mile Merced–Bakersfield Early Operating Segment: 119 miles of […]