Rail

Calif. HSR board gets fed stimulus update

Posted on March 6, 2009

Steps taken over the last decade have put California in a strong position to win a sizeable share of $8 billion in federal stimulus funding for its high-speed train system, according to a top consultant to the California High-Speed Rail Authority (CHSRA).

Competing with transit systems around the nation, California's high-speed train system has a distinct advantage because it is the only one with billions of dollars in voter-approved state funding committed to the project, with the first round environmental clearances already completed and construction planning under way, the latter a key criteria for winning a share of the funds, according to Sasha Page of Maryland-based Infrastructure Management Group.

Page also reported to the CHSRA board on private investment in the system, another key element of the train's long-term financial foundation. Page said that while the world economic crisis has put a chill on the level and extent of private participation at this time, major investors and companies remain interested in or committed to participation in a public-private partnership that is expected to play a key role in the development and operation of the system.

A CHSRA team, led by Chairman Quentin Kopp, will travel to Washington next week to meet with President Obama administration officials and Congressional leaders as the details of the high-speed train funding are being worked out.

"We want to have input on the strategic plan for high-speed rail that is being developed in Washington and to give the secretary of transportation guidance on what we believe should be included in the grant-making criteria that will direct the distribution of those critical federal funds," said Kopp.

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

More News

Bombardier lands contract to provide BiLevel railcars

The two contracts represent a combination of eight cab cars and 20 coaches and include options for 33 additional railcars.

OC Streetcar awards $45M operations, maintenance contract

The line will run on a 4.1-mile route through Santa Ana and Garden Grove. It is scheduled to begin testing and operations in 2022.

Amtrak says it needs $1.475B to maintain minimum service levels

The railroad has seen a dramatic decline in demand for service since the pandemic, and is expecting ridership to only return to approximately 50% in FY 2021.

Veovo unveils social distancing solution for passenger rail

It shows how people move into, out of, and between stations, average wait times, and even occupancy on trains.

RTA identifies costs, potential funding strategies for Metra service improvements

This study was completed prior to the COVID-19 pandemic, which resulted in temporary changes to the NCS schedule.

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