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California high-speed rail group surveys industry's interest

With $5.5 billion to spend on the first stretch of a statewide high-speed train network, the California High-Speed Rail Authority invited private industry Wednesday to help finance, build and operate the system.

The agency announced that it has mailed out several thousand letters to businesses, chambers of commerce and other business organizations, asking for "expressions of interest" in building or designing the 120-mile initial stretch from north of Fresno to Bakersfield, or participating in future efforts to build, maintain, operate or fund the $43 billion first phase of the system from San Francisco to Southern California.

The full story appears on the San Francisco Chronicle website.

Thursday, February 10, 2011

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