August 8, 2011

Calif. receives $86.4M more for high-speed rail

The California High-Speed Rail Authority signed an agreement with the federal government to secure $86.4 million awarded from the American Recovery and Reinvestment Act.

The funds secured in the agreement were a portion of the May 2011 award, which was the re-allocation of funding from Florida. This amends a previous agreement signed in December 2010.

The authority applied for the funding in April and offered a 20 percent state match; therefore, this agreement represents $108 million that can be applied to next year's initial infrastructure construction in the Central Valley, the backbone of the statewide system.

The strength of California's high-speed and intercity rail programs has led to funding awards since January 2010 that total 40 percent of all available federal dollars.

 

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