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Legislature approves first state audit of bullet train project since 2012

After years of mounting delays and cost increases, the first formal state audit of the California bullet train project was authorized Tuesday by the legislature's joint audit committee.

The decision comes after the rail authority disclosed this month that the cost of building the first 119 miles of track in the Central Valley would cost $10.6 billion, a 77% increase over the original estimate of $6 billion.