January 20, 2012

L.A. Mayor looks to China as possible transit funding resource

LOS ANGELES — Fearing a stalemate in Congress over transportation funding, Los Angeles Mayor Antonio Villaraigosa is looking to the Chinese government as an option to possibly save his ambitious plan to build a dozen mass-transit projects in 10 years instead of 30, reported the Los Angeles Times.

During a trip to Asia in December, Villaraigosa met with executives from a Chinese investment company, which officials said was arranged to explore alternative investment opportunities.

To read the full story, click here.

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