Intercity travel times across the continent could drop by hours with Europe’s updated Trans-European Transport Network regulations, which would trigger major new rail construction and financing initiatives.
While charging that the federal funding revocation is illegal, California officials are exploring public-private partnerships and allocating additional state funds to keep the project moving.
Officials with the California High-Speed Rail authority refute criticisms of the project that underpin the Federal Railroad Authority's decision to terminate $4B in previously awarded grants to the project.
Federal Railroad Administration officials are skeptical that the state can complete an early operating rail segment by 2033 as set in a grant agreement.