May 10, 2015 2:58 PM by News Staff
LOS ANGELES (AP) - A newspaper analysis has found that the most recent estimate of the cost to ride California's bullet train from Los Angeles to San Francisco is a bargain at $86.
The Los Angeles Times reports that at roughly 20 cents a mile it would be one of the world's cheapest high-speed rail trips.
The calculation assumes a typical fare between stations along a 438-mile route in the mid-range of what state officials expect the final alignment to measure.
Past fare estimates have ranged from $50 to $105.
A 2012 report that was updated last year found that the system would require a subsidy ranging from $123 million to $1 billion or more annually.
Ridership estimates have also fluctuated and there are questions about how airlines might respond to new competition.
Copyright 2015 The Associated Press. All rights reserved.
22 hours ago