Operator: Good day, ladies and gentlemen, and welcome to the Tutor Perini Corporation Fourth Quarter 2022 Earnings Conference Call. My name is Joe, and I will be your coordinator for today.
High Costs & Construction Delays Plague Cali High Speed Rail city-journal.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from city-journal.org Daily Mail and Mail on Sunday newspapers.
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UPDATE: Feb. 9, 2021: In an update to its 2020 Business Plan, which the California High-Speed Rail Authority (CHSRA) plans to officially release Feb. 9, the authority will report that costs for the Central Valley line (Merced to Bakersfield) have increased to $13.8 billion from $12.4 billion. This amount includes $330 million of extra construction costs and a $1 billion enhanced risk contingency.
CHSRA CEO Bryan Kelly wrote in a letter accompanying the updated plan that the COVID-19 pandemic has affected the schedule as well as costs. The primary 22-mile segment will not be ready for another 15 months, putting completion at about May 2022. Completion of the remaining construction packages is not expected until 2023.
State bullet train delays beyond comprehension, contractor says in blistering letter yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.