California high-speed rail gets green light
By JUDY LIN | Associated Press 7/7/2012
SACRAMENTO, Calif. (AP) — California lawmakers gave the green light to start building the nation's first dedicated high-speed rail line, a multibillion dollar project that will eventually link Los Angeles and San Francisco.
The final cost of the completed project from Los Angeles to San Francisco is projected to be $68 billion.
Before Friday's vote, at least half a dozen Democrats in the 40-member Senate remained opposed, skeptical or uncommitted. Some were concerned about how the vote would impact their political futures, while others were wary about financing and management of the massive project.
One dissenter, Sen. Joe Simitian, D-Palo Alto, said public support had waned for the project, and there were too many questions about financing to complete it.
"Is there additional commitment of federal funds? There is not. Is there additional commitment of private funding? There is not. Is there a dedicated funding source that we can look to in the coming years? There is not," Simitian said.
California high-speed rail gets green light - Yahoo! News