January 4, 2012

Report: Calif. high-speed rail should not be funded

SACRAMENTO, Calif. — A peer review group advising lawmakers on the state’s high-speed rail plan said that the Legislature should refuse to authorize $2.7 billion in bond spending which would be matched by about $3.5 billion in federal dollars for the first phase of California's high-speed rail project, SFGate reported. The group reiterated concerns about inadequate future funding and the lack of a final business plan.

In response to the peer review, officials at the California High-Speed Rail Authority said in a letter to lawmakers that the report, was a "narrow, inaccurate and superficial assessment." For the full story, click here.

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