The Trump administration’s announcement that it would pull $4 billion for the state’s bullet train project is likely to mean significant delays in serving the first passengers, several analysts said.

The threat to cut off California follows a 315-page report published by the Federal Railroad Administration that claims California has missed several deadlines related to the high-speed rail and has failed to identify how it will secure $7 billion in funding to build a segment of rail between Merced and Bakersfield,