Federal lawmakers declared that if the California High-Speed Rail Authority wants full federal funding for its project to construct a 130-mile HSR segment from Los Angeles to San Francisco, the project would have to be completed by September 2017. Failure to meet that deadline would result in the loss of at least some federal money.
If construction begins later this year as expected, that would mean daily expenditures of up to $3.5 million, the fastest known rate of construction in U.S. history. The project will cost a projected $6 billion in total.