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If Cap-and-Trade Falters, What's Next for California's Bullet Train Funding?
Route Fifty: Where all of the money will ultimately come from to pay for an initial segment of California’s planned high-speed passenger train line is for now uncertain.
Dan Richard, who chairs the board of directors for the state’s High-Speed Rail Authority, acknowledges as much. “There are still some questions about whether the funding is all lined up,” he told Route Fifty by phone earlier this week.
The conversation with Richard focused mostly on a segment of the line that would connect the Bakersfield area, in California’s agriculturally rich Central Valley, with San Jose and San Francisco, two cities where the tech-sector is booming.
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