For anyone ineterested, here is the Revised 2012 Business Plan for the California high speed rail project. The revised plan uses some existing tracks; cost projections to build the system have been reduced to $68 billion, with estimated completion in 2029. Revenue projections for the operating systems are shown in the black for three revenue scenarios.
In the meantime, however, the California Legislative Analysts Office is concerned that, to date, only $12.5 billion of the $68 billion needed for the project has been approved. Accordingly the legislative analyst is recommending a go slow approach. They urge the legislature to hold off on approving the Governor's requested funding for this year, except for amounts sufficient to keep studying the project. Governor Brown's budget requests the legislature to release $2.6 billion in state funding, which would trigger $3.3 billion of matching federal funds.
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