California high-speed rail board delays key finance plan after lawmakers push back

  • 📰 latimes
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 82%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

California's bullet train board this week put off approving its 2020 business plan, a sign it may want to reassess growing opposition in the state Legislature.

Following a stunning rebuke by the State Assembly, the board of California’s high-speed rail authority this week put off approving a crucial 2020 business plan, a sign it has agreed to reassess the project’s current blueprint.

from the Central Valley to segments in the Bay Area and Southern California, including the Burbank to Anaheim corridor that the bullet train would eventually use. “I have personally lost all confidence in this group to develop and deliver what they promise,” said Transportation Committee Chairman Jim Frazier before the vote. “From inconsistent cost estimates to impossible program schedules, they provide fictional ridership expectations and exaggerated benefits.”

In a letter on Monday to Rendon, rail authority vice chairman Tom Richards, a Fresno developer, said the authority “shares your concerns as well as those of chair Frazier’s and his colleagues.” Richards pledged to conduct further analysis of the project’s plans. The rail authority will need Rendon and other Assembly members’ support to appropriate about $4.5 billion out of bond funds by early next year for continuing work in the Central Valley, regardless of what position the Senate takes.Get Boiling Point, our newsletter exploring climate change, energy and the environment, and become part of the conversation — and the solution.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines