Vice-President Joe Biden Says California High Speed Rail Strong Candidate For Stimulus Funds
California is competing with other states for federal dollars for commuter train projects.
Thursday, June 4, 2009
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.