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Chief executive of California high-speed rail project steps down

(Source: Los Angeles Times, January 12, 2012)

LOS ANGELES — The political and management challenges facing California's bullet train project grew more complicated Thursday, when the chief executive of the $98.5-billion effort suddenly announced his resignation, just months before construction was supposed to begin. According to the Los Angeles Times, the resignation came shortly after an independent review panel issued a scathing critique of the project and refused to recommend that the state issue billions of dollars in bonds to help fund construction of an initial, 130-mile Central Valley section of track.

Full story: Los Angeles Times

Friday, January 13, 2012

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