The state government funded California high-speed rail project is now expected to cost approximately $126 billion. Officials have acknowledged a substantial funding gap of roughly $90 billion, despite ongoing construction efforts primarily in the Central Valley region. Currently, no tracks have been laid, and major visible progress is limited to a short section under construction between Bakersfield and Merced.

Newcsom's administration has committed $1 billion annually to the project through a cap-and-trade program, although state leaders have noted that this funding is insufficient for completion.

Meanwhile, the *privately funded* Brightline West line from Southern California to Las Vegas, is moving along and may come in at a total cost of $20 Billion for the 218 mile run.