HOW MUCH WILL IT COST?
The current price tag is listed as $68 billion, but it has fluctuated wildly. California’s High-Speed Rail Authority says it is still cheaper than building dozens of new airport runways and highways to accommodate a state population expected to hit 46 million by 2035.
WHO IS PAYING FOR IT?
The state agency that oversees the project has nearly $10 billion in voter-approved bonds for rail construction and improvements to existing lines, and $3.2 billion in federal financing for the first 130 miles. But no private investors have stepped forward yet, and it is unclear where the rest of the financing will come from. A court case that could delay the project hinges on the state’s funding plan.
WHERE WILL IT GO?
Construction will start in the Central Valley, a 30-mile stretch from Madera to Fresno. In future years, the rail line will stretch westward to…
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