Private firms question California high-speed rail funding

Oct 16, 2015 6:18 PM by News Staff

SACRAMENTO, Calif. (AP) - Businesses that might bid to build a high-speed rail network across California are questioning whether there will be enough government funding to complete the complex and ambitious project.

That picture emerged from documents the companies submitted when the rail authority asked how it could approach building the first segment, which would connect the San Joaquin Valley to the Los Angeles area with about 300 miles of track.

Critics have cited the lack of private investment as a major flaw for a project with an estimated $68 billion price tag. So the California High-Speed Rail Authority asked firms to suggest how to reduce costs, speed up construction and attract outside money.

The authority received 36 submissions, which it released to The Associated Press under a Public Records Act request.

Copyright 2015 The Associated Press. All rights reserved.


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