Rail

Calif. HSRA seeks $8.6B in state bonds

Posted on March 27, 2013

SACRAMENTO, Calif. — The AP reported that the California High-Speed Rail Authority voted to issue approximately $8.6 billion in taxpayer-approved bonds to build the rail line.

Officials are on track to sell $3.7 billion of the bonds — $2.6 billion for high-speed rail and $1.1 billion for improving existing commuter rail systems across the state. Half of the bond money would go to the first segment of the line.

The project still needs to weather lawsuits with court hearings pending in the next couple of months. The rulings in those lawsuits could stall the bond money. For the full story, click here.

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

More News

'Overcrowding' to no longer be used as excuse for late NYC trains

As part of an overhaul of how information and train delays are collected and reported, officials will use the data to speed up slow trains.

The Boring Co. chosen to build Chicago Express Service

Plans to deliver 12-minute service from Downtown to O’Hare Airport using electric vehicles in underground tunnels.

Siemens unveils new Velaro high-speed train

Running at about 186 miles per hour, the new high-speed train uses 30% less energy than previous Velaro models, which translates to average savings of 1,375 tons of CO2 a year.

As China's rail transit systems boom, public-private partnerships face reckoning

The results have not always been positive, as cities grapple with inexperienced state-owned companies and inadequate risk management overrides prudent accounting.

Oregon's Safety Oversight Program receives FTA certification

States must receive FTA certification by April 15, 2019 or new federal transit funds cannot be awarded.

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

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

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