Feds agree to restore $1B to California for bullet train
By Tal Axelrod - 06/11/21 11:15 AM EDT
The federal government has agreed to restore roughly $1 billion in funding for a bullet train project in California.
Gov. Gavin Newsom (D-Calif.) announced Thursday night that the Transportation Department would provide nearly $929 million for the state’s High-Speed Rail project. Newsom said the money would help workers complete the initial operating segment of the project, which would be the nation’s first high-speed rail system.
“Tonight’s action by the federal government is further proof that California and the Biden-Harris Administration share a common vision – clean, electrified transportation that will serve generations to come. Restoring nearly $929 million in grant funding back to California’s High-Speed Rail project will continue to spur job creation, advance the project and move the state one step closer to getting trains running in California as soon as possible,” said Newsom.
The announcement marks a win for Newsom, who has sought to have the federal government restore funding for the project after the Trump administration rescinded it in 2019.
California voters first approved nearly $10 billion in bonds for the project in 2008. The rail, which aims to connect Los Angeles and San Francisco, was supposed to be operational by 2020.