Thursday, March 2, 2023

Dan Walters: High-speed rail still lacks money to complete Valley segment

In a commentary in CalMatters, Dan Walters writes that the California High-Speed Rail project, a proposed statewide system of very fast trains, is still lacking enough money to complete its initial segment in the San Joaquin Valley. 


The High-Speed Rail Authority (HSRA) recently announced the “historic milestone” of creating over 10,000 construction jobs since the start of construction on the initial stage, but this number is open to debate. 

The San Joaquin segment is currently projected to cost $22 billion, roughly one-fifth of what the entire north-south system would need. While construction unions have ramped up pressure to continue work, the project still lacks the necessary funding to complete the San Joaquin segment and make it a statewide system. 

The solution may depend on what happens in national politics, with Democrats supporting high-speed rail as a tool to battle climate change and Republicans opposing it as a boondoggle. Source: CalMatters

No comments:

Post a Comment

Sponsored by The Equity Group

Spacious home in Tulare available now!