During his campaign for governor, Newsom told The Times the project is “achievable and realistic” and said that he is “committed” to a partial system from the Central Valley to the Bay Area. That is almost identical to the rail authority’s plan for a San Francisco-to-Bakersfield segment by 2029, expected to cost $29 billion to $37 billion. Based on the rail authority’s financial statements, Newsom’s idea would be short by $8 billion to $16 billion, counting all of its sources of revenue through 2029 and assuming no further cost growth.
Source: latimes.com – Los Angeles Times