April 03, 2012
High Speed Rail in America: Some things our European cousins do quite well.
And so we should take that hint. Why can't we take a more earnest stab at high-speed rail? Three of our builder clients (and a 4th targeted one) are at once encouraged, skeptical and curious about this Reuters story of yesterday: New California High-Speed Rail Plan Cuts Cost. Kudos for Governor Moonbeam, also in office when I was in college. The article begins:
(Reuters) - California officials on Monday unveiled a major overhaul of a controversial plan to build a high-speed rail system in the state, slashing the cost by some $30 billion, to $68.4 billion, and addressing other criticisms of the massive project.
The new plan must now receive a final blessing from the California High Speed Rail Authority before going to the state legislature, which has to approve the release of the first chunk of the nearly $10 billion in rail bond funds voters approved in 2008.
The state must greenlight the spending and sell the first of the bonds to obtain $3.3 billion in federal matching funds and start construction in the fall as planned.
White House press conference Rah-Rah Exhibit "A" in early April 2009, 3 years ago. C'mon, guys.
Posted by JD Hull at April 3, 2012 06:17 PM