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(California) State analyst slams high-speed rail plans [View All]

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alp227 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-01-11 08:10 PM
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(California) State analyst slams high-speed rail plans
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Source: SF Chronicle

The High-Speed Rail Authority's recently revised plans still fall short, according to a new report from the state's independent legislative analyst, and could leave the state with nothing more than a useless 130-mile stretch of tracks in the Central Valley.

The report, released to the Assembly Transportation Committee Tuesday, says the overhauled draft business plan, and a financial plan to start construction late next year, fail to satisfy the requirements of Proposition 1A, the state bond measure voters approved in 2008, and offer a flimsy financial strategy that relies almost entirely on federal funding that probably won't arrive.

"As a result, it is highly uncertain if funding to complete the high-speed rail system will materialize," the report says.

Rachel Wall, a spokeswoman for the authority, said the agency believes it is in compliance with the law.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/1...
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