High-speed rail releases new business plan
The California High-Speed Rail Authority today released a new business plan that lays the foundation for an economically viable high speed rail system that will create 100,000 jobs in the next five years, and is expected to generate another 1 million jobs moving forward. California’s high speed rail system, the first in the nation, is also expected to reduce carbon emissions by 3 million tons annually.
The new business plan describes a phased approach to construction that will allow the Authority to adapt to changing financial conditions as it moves forward, segment by segment. The plan also updates cost estimates, ridership figures and funding expectations to reflect current economic realities. The result is a fiscally sound project that will attract and drive private investment, generate strong revenues and operate without any public subsidies, just as other high speed rail networks do throughout the world.
To view the new plan, or the fact sheet, click on the images below.
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