$64-billion high-speed rail ready to lay some track in California

In this Feb. 26, 2015 file photo, a full-scale mock-up of a high-speed train is displayed at the Capitol in Sacramento. (AP Photo/Rich Pedroncelli)

After years of prep work, California's $64 billion high-speed rail project is ready to lay some track.

Gov. Jerry Brown's finance department on Friday approved the rail authority's request to spend $2.6 billion on work in the Central Valley.

The decision lets the authority ask the state treasurer's office to sell a portion of the nearly $10 billion in bonds voters approved in 2008 for a bullet train.

Some of the bond money has previously gone for administration and on work to connect the new system to existing tracks.

The bullet train's long-term prospects remain clouded because of uncertainty over funding. Significant federal help is required, and the Republican-controlled Congress does not support the project. Private money also is needed but none has been secured yet.
Related Topics:
travelhigh speed railtrainsjerry brownCalifornia
(Copyright ©2017 by The Associated Press. All Rights Reserved.)

Load Comments