A proposed $6 billion bond measurewould help fund the construction of ahigh-speed train between the Bay Area and Los Angeles as early as 2005.
This article reports on a $6 billion bond measure being proposed by Sen. Jim Costa (D-Fresno), which would help fund the construction of a high-speed train between the Bay Area and Los Angeles as early as 2005. If approved on the November ballot, the rail service would be fully built in 2020, providing traffic congestion relief and a low-costalternative to air travel for some 42 million commuters and intercity travelers. Although the total construction costs would amount to $25 billion, the system would be built in stages (with each leg generating revenue to build successive lines), and could ultimately yield approximately $900 million in annual revenue when completed.
Thanks to California Policy Forum
FULL STORY: Bond issue proposed for high-speed rail from Bay Area to L.A. System would be completed by 2020

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