Chapter 1
THE AUTHORITY
'
S DECISION TO BEGIN CONSTRUCTION BEFORE COMPLETING PROPER PLANNING LED TO COST OVERRUNS AND DELAYS
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Chapter Summary
After Years of Planning a Dedicated High-Speed Rail System, the Authority Has Now Pursued Every Option to Reduce Costs by Using Existing Infrastructure
The Authority Has Approved Hundreds of Millions of Dollars' Worth of Change Orders to Date, Most of Which Were for Changes It Initiated
The Authority Did Not Sufficiently Account for Known Risks in Its Initial Cost Estimates
The Authority Was Aware That Its Early Start to Construction Could Lead to Significant Additional Costs
To Complete Construction of Its Three Current Projects, the Authority Believes It Will Need $1.6 Billion in Additional Change Orders and Extended Project Timelines
The High-Speed Rail Project Might Benefit From the Establishment of an Independent Oversight Committee
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