Fresno, California (KFSN) – The governor of California has signed a bill requiring the state’s high-speed rail administration to develop a funding plan.
Gov. Gavin Newsom signed Bill 377 on Wednesday, requiring railroad authorization to update cost estimates, risk assessments and service startup options in its 2026 business plan.
“The California high-speed rail project is a key investment in our future and we must focus on policies that help clear the roads,” Newsom said in a signing statement.
The bill was written by Central Valley MP David Tangipa, who called its bill necessary.
“My bill is an important step in ensuring that Fresno and the Central Valley do not leave unfinished taxpayer dollar monuments…” Tangipa said in a statement.
Related: Central Valley leaders respond to federal funding cuts on California's high-speed rail
The signing comes after California's High Speed Rail Administration sued the Trump administration for retaining $4 billion in federal funds for the project.
In June, the High Speed Railway Administration said the train was expected to be in 2030, a decade after the initial goal, well above the initial estimated cost of $33 billion.
Now, it is expected to cost between $8.9 and $128 million.
According to Governor Newsom's current budget, rail work will earn $1 billion per year over the next 20 years to complete its initial operational division.
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