California High-Speed Rail Authority

California High-Speed Rail Authority

SACRAMENTO, Calif. — In a recent expression of interest to state officials, German rail firm Siemens questioned the long-term funding prospects for California's bullet train, reported the Sacramento Business Journal.

Specifically, the company questioned whether the project’s current funding stream — the state cap-and-trade program — is sustainable. The novelty of the program could give pause to potential private investors, Siemens told state officials, the report said.

“We perceive the market as very cautious in lending long-term based on this new kind of revenue stream, especially due to its early stage and potential self-diminishing nature,” Siemens wrote in a September report to the California High-Speed Rail Authority, according to the Sacramento Business Journal.

About the author
Staff Writer

Staff Writer

Editorial

Our team of enterprising editors brings years of experience covering the fleet industry. We offer a deep understanding of trends and the ever-evolving landscapes we cover in fleet, trucking, and transportation.  

View Bio
0 Comments