The total cost of California's high-speed rail could reach $126 billion
Officials warned of a significant increase in the high-speed rail budget; when approved, it was estimated to cost $45 billion
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The total cost of building California's high-speed rail, projected to connect the cities of Los Angeles and San Francisco, could rise to $126 billion.
According to a report on the CBS program "60 Minutes," Project officials said the project has already exceeded $120 billion, and estimated that the total investment in the rail line could reach approximately $126 billion. The increase represents roughly triple the original price, which was approved by voters in the Golden State in 2008, when the California High Speed ??Rail Authority estimated the project would cost $45 billion.