Providing the future Kings Tulare Railway Station.
California High-Speed Rail Authority
The California legislator is proceeding with plans to provide additional $ 20 billion funding for the state high -speed rail system, which will help complete the original part of the central valley and start work with San Francis. The move comes as the state also sues Trump’s administration to try to refund $ 4 billion federal funds.
State legislators are remodeling Cap-and-Trade program in California, which requires the largest greenhouse gas emissions to buy pollution credits by 2045, with plans to direct $ 1 billion a year from this source to the two-year-olds. It is the largest funding commitment to project history, which began after voters approved a $ 10 billion bond measure in 2008.
“Today’s agreement has made a big, bold statement on the future of California – one that will create jobs, reduce pollution and connect and transform communities throughout the state,” CEO Ian Choudri said in a statement. “This funding agreement resolves all the specified funding gaps for the early operating department in the central valley and opens the door to a substantial public-private sector commitment to the program.”
Choudri, a veteran of global infrastructure projects who took over as Bullet Train leader last year, published a new business plan last month, intended to accelerate the construction and find new sources of revenue from huge ownership of power to help keep the cost of It, by supplying them with the farms that will also promote its news. Other ideas include selling rights to telecommunications companies to install fiber optic cables along the train route and the installation of cell towers, advertising rights and stations names, electric vehicle billing services and promotion Bakersfield.
Prior to the new funding plan, the project had secured about $ 27 billion, most of it provided by state sources. This number includes $ 4 billion that the Sean Duffy Transport Secretary was canceled in July. Duffy justified the move, noting that “not only one mile was placed from the track in many years since the project was approved, failing to report the huge amount of bridges, tunnels, divisions and other preparations that have been done so far than more than 15,000 or more). California’s legal struggle to get these funds back – which had not been spent – it will take months if not years to resolve.
Currently, the US is a global delay in high -speed rail railway rail, which is now common throughout Europe, Japan, China, South Korea and dozens of other countries. Billionaire Wes Edens hopes to start operating the Brightline West, a private train train between Las Vegas and suburban Los Angeles, in a few years. This project also received $ 3 billion federal funding from Biden’s administration.
“We welcome Newsom Governor and Legislative Leaders for their commitment and their determination to make a high speed success,” said Ray Lahood, a former transport minister and co -chair of high -speed US rail. “The deal represents the most important step forward to this day for this transformative work.”
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