The planned 520-mile California high-speed rail project, which would link San Francisco to Los Angeles, would be designed to operate at speeds up to 220 miles per hour. At an estimated cost of $68.4 billion (in year-of-expenditure dollars), it is expected to be one of the most expensive transportation projects undertaken in the United States. The Authority is responsible for implementing the project and federal funding is being provided from the FRAs High-Speed Intercity Passenger Rail program. GAO reviewed (1) the reliability of project cost estimates, (2) the reasonableness of revenue and passenger rail ridership forecasts, (3) the risks attendant with the projects funding plan, and (4) the comprehensiveness with which the projects economic impacts were identified. GAO obtained documents from and conducted interviews with federal officials and officials from the Authority related to cost, financing, ridership and revenue modeling and estimation, and business plans and analyses related to potential economic impacts. GAO also interviewed state and local officials as well as the projects peer review group members.
California High-Speed Passenger Rail: Project Estimates Could Be Improved to Better Inform Future Decisions
2013
90 pages
Report
Keine Angabe
Englisch
Railroad Transportation , Transportation , Transportation & Traffic Planning , Rail transportation , High speed ground transportation , Passenger transportation , California , Costs , Economic impact , Financing , Funds , Implementation , Information systems , Project planning , Revenue , Ridership , Travel forecasting
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