California High Speed Rail Rejected for $15 Billion Loan
The California High-Speed Rail Authority can’t seem to solve their most pressing problem, one that has hung over them since the conception of the project. The state doesn’t know where to find all of the $64-billion it will cost to complete the bullet train that will run from San Francisco to Los Angeles. So,… Read more »
Billions to Be Unlocked After Approval By The High Speed Rail Board
Through a unanimous decision, the California High-Speed Rail Authority’s board, approved to unlock billions of dollars in state bonds funds that it needs to continue construction in the Central Valley and San Francisco-San Jose segments. The board approved $3.2 billion in funding from the nearly $10 billion that voters approved for a California high-speed… Read more »
Does the High Speed Rail Have Enough Funding?
Demand for the California pollution permits rebounded in the latest carbon auction after plummeting earlier this year, according to an article in The OC Register. However, the permits did not sell out. Buyers purchased just 88% of available credits, whose sales are meant to supply funding for the high-speed rail project. This is a… Read more »