California's long-delayed high-speed rail project could be operating in the Central Valley by 2032, but it is far short of securing the funding it needs to connect up north toward the San Francisco Bay Area and south toward Los Angeles, according to a report by officials released Friday.
It will cost roughly $87 billion to build between Gilroy, about 80 miles southeast of San Francisco, and Palmdale, about 37 miles north of Los Angeles, the High Speed Rail Authority's report says. That section is expected to start running in 2038.
