Completion deadline for $6B Calif. HSR project extended for 1 year

11/16/2012 | Los Angeles Times (tiered subscription model)

A one-year extension has been added to the construction schedule for a $6 billion high-speed rail project in California's Central Valley, according to the California High-Speed Rail Authority. Completion of the project is now expected to occur by December 2017. "We are going to get lower bids, save some money and still meet all of our deadlines," said CHSRA CEO Jeff Morales. "It is a good business move."

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