Calif. looks to feds for more bullet train funding

(The Associated Press circulated the following story by Steve Lawrence on December 11.)

SACRAMENTO, Calif. California is looking to the federal government to pick up a bigger share of the cost of building an 800-mile high-speed rail system that would link the state's biggest cities with trains running at speeds of up to 220 miles-per-hour.

A new financing plan issued by the state's high-speed rail board relies on Washington to provide up to half of the approximately $32 billion needed for the first leg of the project. That 520-mile segment would connect Anaheim, Los Angeles, Fresno and San Francisco.

Plans eventually call for lines to San Diego and Sacramento too.

Planners used to talk about getting a third of the funding from the federal government, a third from the state and a third from private investors.

Friday, December 12, 2008
bentley@ble-t.org

http://www.ble-t.org/pr/news/headline.asp?id=24629

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