The California High-Speed Rail Authority is expected to meet an Oct. 2 deadline to apply for a portion of the $8 billion set aside for high-speed train development under the American Recovery and Reinvestment Act. The authority’s board approved an application for more than $4.5 billion in federal stimulus funding for engineering, design and construction of the state’s high-speed train system—generating an investment of $9.1 billion when state matching funds are added. Included in the authority’s so-called Track 1 projects list is a request for $400 million in ARRA funds for construction of a Transbay Terminal in San Francisco, the preferred site for the high-speed-rail city terminus, according to the authority.
California Accepts ARRA Funds For High-Speed-Rail Project
March 16, 2011