Cal high-speed rail must hustle to keep funding
(AP) – California will have to move at light speed on its high-speed rail line if it doesn’t want to lose federal funds.
The Los Angeles Times says that under a federal deadline, California has until September 2017 to finish the first 130-mile segment of the line. Otherwise, it risks losing some federal funding.
The California High-Speed Rail Authority will need to acquire some 120 permits, 1,100 parcels of land and assemble a huge workforce.
At a projected cost of $6 billion, California would be spending as much as $3.5 million a day to finish on time. That compares with about $1.5 million a day for other huge transportation projects.