Administration & Management

CA on the line for bulk of high-speed rail costs?

CA High-Speed Rail Design Concept: Transbay Terminal, San Francisco

The Los Angeles times published an article yesterday about the murky future of federal funding for high-speed rail in the state.

 

"If the federal government and private investors are not going to provide funds, and California is broke, why would it take on an enormous new commitment?" asked Martin Wachs, a Rand Corp. transportation expert and former director of UC Berkeley's Institute of Transportation Studies.

In coming months, Gov. Jerry Brown will decide whether to issue the bonds to launch the project — at a time when the nation and state are attempting to control mounting public debt that has already damaged both their credit ratings.

The bullet train hinges on a huge investment of federal dollars when Washington is intent on cutting the nation's budget. Republicans who control the House of Representatives have already declared new rail construction their "lowest priority."

This week it was also announced that the model and data used for ridership and revenue forecasts were sound. We'll have to wait and see how this progresses. 

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