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High-speed rail could get fed stim money

March 5, 2009 12:00:00 AM PST
Will federal money help turn California's high speed rail dreams into reality?That was the question Thursday at a meeting of the California High-Speed Rail Authority Board of Directors in Sacramento.

The federal stimulus package includes $8 billion for high-speed rail.

Board Chairman Quentin Kopp said he has no idea whether California will get any of that money. California will have to compete with other projects, and the factors that will be used in the government's decisions have not yet been issued.

The plan approved by California voters in November calls for $33 billion to build the first phase of the project, between Anaheim and San Francisco. It relies on as much as $16 billion from the federal government, and approximately $7 billion from private investors. Nine billion dollars would come from state bond sales, with $2 billion to $3 billion more from local and regional governments.


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