Vice-President Joe Biden says California’s High Speed Rail Project is in a good position to get federal stimulus funds.
California is competing with other states to receive a portion of
eight-billion dollars from Washington D-C for commuter rail projects.
Medhi Morshed is the Executive Director of the California-High Speed Rail Authority. 
He says the vice-president’s announcement today (Thursday, 6.3) shows California is at an advantage... 
  
“We are very delighted that the Obama administration is taking the position of building a high speed train network for the nation.  We’re the only place in the country that has pursued building a high speed train for the past ten years.  We’ve invested nearly 100-million dollars of our own money and our voters have approved nearly nine-billion dollars in a bond measure for it...”
 
 
Moreshed hopes private investors will kick-in another 34 billion dollars for the first phase of the project.  The goal is to complete an 800-mile high speed train network from San Diego to the San Francisco Bay area and eventually to Sacramento. Officials are now doing environmental studies before construction can begin in 2012.