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California's high speed railroad will cost $98.5 billion




France already has it, will California? The higher cost of rail may slow down the 200 miles-per-hour train.
France already has it, will California? The higher cost of rail may slow down the 200 miles-per-hour train.
ALAIN JULIEN/AFP/Getty Images

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The estimated cost of a high speed rail in California has doubled. That's according to new figures out today from the High Speed Rail Authority. The $98.5 billion project still lacks complete funding from investors, but backers say it's still a good deal; the construction phase could bring 100,000 jobs to California.