High-Speed Rail Authority
The state’s nonpartisan analyst says the latest proposal to build a $68.4 billion high-speed train system linking Northern and Southern California is still too vague.
California’s $68 billion plan for high speed rail from the Bay Area to the Los Angeles area won’t go as far as Anaheim anymore.
High-speed rail is on its way to California even though polls show that a majority of residents don’t want it. Now, State senator Mark DeSaulnier of Concord said that he believes there should be a comprehensive rail plan in place to guide future decisions.
California’s plan to build the nation’s first high-speed rail system has identified one alternative funding source if federal and private-sector money does not materialize.
The authority overseeing planning for California’s high-speed rail project has released a fresh proposal with a new price tag and a scaled-back design.
A recently announced agreement to pour $1.5 billion of high speed rail money into the effort to “electrify” the Caltrain tracks apparently has some strings attached.
Bay Area transportation agencies are in talks with the state’s High-Speed Rail Authority to pay for the “electrification” of Caltrain tracks, which would mean bullet trains moving at speeds of up to 110 miles per hour by 2016, 5 to 10 years sooner than had been discussed.
In a new report, the auditor said the latest high-speed rail business plan relies on uncertain funding sources and financing for the project has become increasingly risky.
Just days after the release of a scathing critique of the bullet train project, the chief executive officer of the California High-Speed Rail Authority announced he was stepping down.
Dianne Feinstein said she is concerned the state will lose out on federal funding if the leadership is not changed.