Ridership projections have been upped and build costs downgraded in a new business plan for California’s planned high-speed railway between Los Angeles and San Francisco.
The California High-Speed Rail Authority has published its Draft 2014 Business Plan after being ordered by a Sacramento Superior Court judge to draw up a new funding strategy before being able to raise $8 billion through the sale of bonds.
Initial capital costs have been reduced by one per cent while the number of passengers predicted to use the link has been scaled up.
The authority’s chief executive Jeff Morales said in a statement: “The Draft 2014 Business Plan maintains the core elements of the 2012 Business Plan – a better, faster and cheaper high-speed rail that forms the backbone of a statewide rail modernisation programme.
“The updated forecasts and analyses continue to show that, as the system develops over time, it will generate financial value through positive net operating cash flow and attract private investment.”
Boorah on Gavin Newsom and Congratulations to the California High Speed Rail Authority awarding five contracts for a total $16 million with 1/2 million going to Disabled Veteran Business Enterprises. Not only will this help by creating so many new jobs over the next 4 years, the servicewomen and servicemen deserve this. Let’s all join together in helping all those who served our country return to good paying, highly skilled jobs! If you know of other good government or private sector jobs for those who are in need and deserving, please spread the word.
Let’s get this thing going Mr. Denham, Mr. Valadao, Mr. Newsom and Mr. Vidal before it is too late and our veterans are out of work. If you’re not going to create jobs then restore unemployment benefits! We will fight to the victorius end to keep our jobs for those who served our country regardless of who is elected this November.