High-Speed Rail Authority
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.
Backers of a plan to build a high-speed rail system from Sacramento to San Diego have inflated the number of jobs the project would generate by as many as 50 times, according to a published report.
The Palo Alto City Council on Monday night approved the wording of the city’s official position on high-speed rail, calling for the project to be “terminated.”
If a bond measure to construct a high-speed rail system were put on a California ballot today, the state’s voters would reject it by 59 percent, according to the results of a new Field Poll released Tuesday.