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< return to High Speed Rail page Reposted from the Central Valley Business Times California bullet train wants to haul some economic stimulus money "The Department of Transportation will be issuing guidelines for how competitive grants will be awarded within 120 days. The California High-Speed Rail Authority has outlined for our Congressional leaders how it can utilize at least $2 billion of the allocation by the Sept. 30, 2012 deadline and will continue to prepare and refine its official application over the next several months as guidelines are known," Mr. Kopp says. Those initial projects could include right-of-way purchase and construction grading of a heavy maintenance facility in the Central Valley, he says. No specific location was mentioned. Other specific projects for which funding can be applied in California by the September 2012 timeline outlined in the legislation include:
"All of these projects will advance the California high-speed rail construction schedule and will have a significantly beneficial effect on California's economy throughout construction and permanently thereafter," Mr. Kopp says. He claims they will create "hundreds of thousands" of new jobs for Californians. If built as currently envisioned, the high-speed train service would cover 800 miles at speeds over 220 MPH. Voters approved Proposition 1A on the November 2008 ballot for the initial funding of what will be America's first high-speed train system. < return to High Speed Rail page
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