eNewsletter for January 13, 2014

Despite the often misleading headlines about the court’s rulings, it doesn’t shut down the ¬†(CA-HSR) project or ask for a funding plan for the entire project. Current construction in the San Joaquin Valley is about 6 billion dollars. To build a new right of way between Bakersfield and Palmdale is estimated to cost 10 billion dollars. Four billion of that is expected to come from Prop 1A bonds. With Prop 1A and Federal funding that’s 13 billion dollars that should be available now for High Speed Rail. To finish the entire 300 miles between Merced and Burbank to run electrified HSR will require an additional 18 billion for a total of 31 billion dollars. With the State’s Budget in the black with over 100 billion dollars of spending annually, spreading $18 Billion dollars of additional funding to complete High Rail over 10 years or more is feasible. Once the 300 miles of HSR (some of it “blended” with existing railroads) is built, the CHSRA is on its own according to Prop 1A to finance the rest of the project from its own revenues. NB

January 13, 2014

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