A $9 billion bond measure for a 700-mile, high-speed rail through California is approved by the Senate.
The California State Senate approved ameasure that is the first step toward the sale of $9 billion in bonds topay for the part of a high-speed train system designed to connectCalifornia's major metropolitan areas. Hoping to secure either federalfunds or private financing to pay for the first link between Los Angelesand San Francisco, the approval of this measure is the first step in makingthe 200 mph trains part of California's transportation system. As noted inthe article, the bill is facing a serious challenge; it needs approval fromthe legislature, the governor and voters to make the train a reality.
Thanks to California Policy Forum
FULL STORY: High-speed train bond sees light turn yellow
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