Opinion: California bullet train suffers two big setbacks
(Source: Sacramento Bee opinion column by Dan Walters, March 2, 2017)
SACRAMENTO, Calif. — The project has suffered two immense setbacks, either of which could be fatal. First, results of the state’s latest cap-and-trade auction of greenhouse gas emission allowances — the only source of ongoing bullet train funds — were released and once again it produced almost no money. Second, the Trump administration has put an indefinite hold on a $647 million grant for electrifying the Caltrain commuter rail service on the San Francisco Peninsula, a major component of the “blended” bullet train system.
Full story: Sacramento Bee
Friday, March 3, 2017
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