FOR IMMEDIATE RELEASE:
March 30, 2011
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CONTACT:
Rachel Wall 916.384.9026
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California High-Speed Rail Receives Up
To $624 Million in Additional Federal Funding
SACRAMENTO
– In a nod to the commitment and progress of California’s high-speed rail
system, the US Department of Transportation today redirected
$624 million in
funding for the project from other states to California.
“This is
yet another vote of confidence that California’s project is on the right track
toward creating tens of thousands of jobs for our state
and constructing
the nation’s first true high-speed rail system,” said
Roelof van Ark, CEO of the California High-Speed Rail Authority.
The funding
is anticipated to further construction in the Central
Valley toward
another urban center. Initial construction is slated to begin in 2012. The
California High-Speed Rail Authority Board this month selected
the starting point for the project’s Southern California-to-Bay Area
construction.
The
additional Recovery Act funding was redistributed after
nearly $1.2 billion was
returned from other states.
California’s
project has received the most federal funding of any
state in the nation,
totaling more than $3.1 billion in 2010.
See also Press Release: U.S. Department of Transportation Redirects $1.195 Billion in High-Speed Rail Funds
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