California to pull plug on billion-dollar bullet train, cites ballooning costs

California to pull plug on billion-dollar bullet train, cites ballooning costs

California Gov. Gavin Newsom announced on Tuesday he is pulling the plug on the state’s massive high-speed rail project from Los Angeles to San Francisco that was more than a decade behind schedule and billions in the red.

“Let’s be real,” Newsom said in his first State of the State address. “The current project, as planned, would cost too much and respectfully take too long. There’s been too little oversight and not enough transparency.”

CALIFORNIA BULLET TRAIN PROJECT ON TRACK TO BLOW THROUGH BILLIONS OF MORE DOLLARS 

Newsom added that while California has “the capacity to complete a high-speed rail link between Merced and Bakersfield,” “there simply isn’t a path to get from Sacramento to San Diego, let alone from San Francisco to L.A.”

The embattled $77-billion bullet train has been an embarrassment for the Golden State and has been plagued by problems almost from the start.

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