Revised Calif. high-speed plan cuts costs by $30 billion

Posted on April 2, 2012

The California High-Speed Rail Authority released a revised Business Plan to launch the nation’s first high-speed rail service within 10 years.   

“Our revised plan makes high-speed rail better, faster and cheaper,” High-Speed Rail Authority Chairman Dan Richard told a news conference at the Southern Pacific Building in Fresno. “Drawing on hundreds of public comments as well as the expertise of our technical staff, we were able to refine our thinking and improve the plan enormously. The revised plan will enhance local rail service immediately, and in the long term, cut total project costs by $30 billion.”

Under the revised 2012 Business Plan, construction begins this year on the 300-mile Initial Operating Section, stretching from Merced to the San Fernando Valley. This new plan also improves the safety and efficiency of existing urban rail systems. These improvements will bring immediate benefits to commuters and ultimately allow the integration of local systems with high-speed rail. The key changes to this revised business plan include:

  • Constructing 300 miles of electrified rail from Merced to San Fernando Valley in 10 years.
  • Improving existing rail service in the San Francisco Bay Area and Los Angeles regions to prepare those systems for high-speed rail service.
  • Cutting $30 billion in costs, through the blended approach, cost savings and inflation assumptions.
  • The potential to access cap and trade funds as a backstop to federal funding.

The revised business plan also improves existing local rail systems in Northern California, Southern California and the San Francisco Bay Area. These improvements include converting local diesel-powered rail systems to electric power and improving safety through positive train control. The new plan also includes safety and reliability upgrades to existing Amtrak/Metrolink rail corridors between Los Angeles’ Union Station and Anaheim. All these improvements will increase the speed at which trains currently in service can travel safely.

Construction of the entire 520-mile rail system will finish in 2028, with service to begin in 2029. This improved system will cost $68.4 billion in year-of-expenditure dollars, a $30 billion reduction over the previous plan. Six billion dollars in funding has already been identified for the first segment of the Initial Operating Section, including $3.3 billion in federal funding and $2.7 billion in voter-approved Proposition 1A bond proceeds. Cap and trade funds are also available as a backstop against federal and local support to complete the initial operating section. No operating subsidy will be required.

This revised business plan must be approved by the California High-Speed Rail Authority board of directors, who will meet in San Francisco on April 12.

For additional reporting on cap-and-trade frees, click here.

View comments or post a comment on this story. (0 Comments)

More News

LA Metro unveils new tunnel boring machine named Angeli

At the event Board Chair Fasana awarded TAP Cards to students who won contests to name the TBM and create an illustration for its tail shield.

Bombardier confirms progress on turnaround plan

The actions support the company’s efforts to build its earnings growth potential and highlight its focus on improving productivity, reducing costs, and optimizing its worldwide footprint to deliver increased value to customers and shareholders.

BYD enters mass transit market with low-cost train

The light rail technology is applicable to small and medium-sized cities, heavy traffic routes, CBD’s and routes connecting tourist attractions in large cities, according to the company.

MBTA forgives $839K in fines stemming from 2015 winter performance

According to the report, the company said that the forgiven fines regarded maintenance issues, and that the MBTA agreed to waive them amid evidence that maintenance workers were pulled from their regular jobs to help shovel off tracks and shorten delays.

Brookville set to deliver second QLine streetcar

Each red and white streetcar will seat 125 passengers and feature Wi-Fi, vertical bicycle racks, and an HVAC unit. M-1 officials said that its delivery schedule and testing remain on schedule, with track testing set to begin later this fall.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment



Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close