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In 2013, construction of the initial segment of high-speed rail, linking Merced to the San Fernando Valley, will create 100,000 job-years of employment over the next five years, the equivalent of 20,000 full-time jobs annually.
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Bill authorizes the state to begin selling $4.5 billion in voter-approved bonds that includes $2.6 billion to build an initial 130-mile stretch of the high-speed rail line in the Central Valley.
Read More →Regardless of confusion over what the High-Speed Intercity Passenger Rail program was defined as and political pressure being applied, the Obama Administration’s $10 billion-plus investment in the nation’s rail network has seen some success as many projects, including California’s “true” high-speed rail program, continue moving forward.
Read More →Touts revisions of new business plan and urges state Legislature to immediately approve funding for the project.
Read More →Shows that while 53% of the state's voters approved a bond issue for a high-speed passenger rail project in 2008, 59% would oppose it if given another chance to vote.
Read More →Jeff Morales, who served as an executive with the $69 billion mega project's lead consultant Parsons Brinckerhoff, was in charge of developing cost estimates, funding sources and rider projections.
Read More →At a cost of $6 billion for building the first 130-mile segment through the Central Valley by the federal deadline of September 2017, it would mean spending $3.5 million a day — the fastest burn rate for transportation construction in U.S. history.
Read More →The business plan was adopted with an amendment committing the authority to work with transportation agencies in Orange County to identify cost-effective ways to enable a “one-seat ride” to and from Anaheim, which was originally left out of the revised plan.
Read More →The city had planned on the link to generate significant revenue as the centerpiece to its $200-million ARTIC transportation hub that is currently under construction.
Read More →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.
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