2 replies to this topic

[KevinKorell]

From Sacramento, CA Bee, 3/22/08:

Democratic lawmakers have agreed to Gov. Arnold Schwarzenegger's request to include public-private partnerships for a high-speed train that could travel from either San Francisco or Sacramento to Los Angeles in 2 1/2 hours.

Read story here.

[ICGsteve]

What a mess, not only do they not know what they want to build, but they want to MAYBE write contracts to private companies. Why on earth would citizens agree to take out a $10 billion dollar loan with out knowing what for, and what role the private companies would have? That could easily turn out to be a $10 billion private sector welfare bill. Is this intended to fail, as in the process is a charade?? It was never going to happen anyways, but this political stuff is nuts.

[KevinKorell]

From Progressive Railroading, 3/28/08:

Yesterday, financial advisors for the California High Speed Rail Authority (CHSRA) held a “Request for Expressions of Interest for Private Participation” session — in other words, they met with private investor and authority board members to outline a funding strategy for the proposed 800-mile statewide high-speed rail system.

Read story here.