17 Years Later, California High-Speed Rail Leaders Sound Alarm Over Project Funding
Story by DCNF-Newswire • 20h
Leaders of California’s high-speed rail project are sounding the alarm on the project’s financial future after nearly 20 years of delays and billions of tax dollars spent, the Los Angeles Times first reported.
After California’s High-Speed Rail Authority board members voted to approve new contracts for the Central Valley station and construction bids for a Fresno station on Thursday, several members raised concerns over the project’s financial commitments and future, the publication reported. The railway, which was supposed to be completed by 2020 and cost $33 billion, was recently projected to reach $106 billion, prompting lawmakers and the Trump administration to place the entire project under a microscope.
“I’m very nervous about receiving the federal funding,” board member James Ghielmetti said. “I want to make sure my fellow board members are aware that if the federal money does not come through, somebody’s got to backstop these contracts.”
https://www.msn.com/en-us/news/us/17-years-later-california-high-speed-rail-leaders-sound-alarm-over-project-funding/ar-AA1E6wZW?ocid=msedgntp&pc=HCTS&cvid=3eab27ad8dc2409fb9cb08a1a3fe5b9b&ei=130
