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US sees no viable path for California High-Speed Rail project, may rescind $4 billion [View all]
(Reuters) -The Trump administration said Wednesday there is no viable path forward for California's High-Speed Rail project and warned it may rescind $4 billion in government funding in the coming weeks.
The U.S. Transportation Department released a 315-page report from the Federal Railroad Administration that cited missed deadlines, budget shortfalls and questionable ridership projections. One key issue cited is that California has not identified $7 billion in additional funding needed to build an initial segment between Merced and Bakersfield, California.
USDOT gave California until mid-July to respond and then the administration could terminate the grants.
The U.S. Transportation Department released a 315-page report from the Federal Railroad Administration that cited missed deadlines, budget shortfalls and questionable ridership projections. One key issue cited is that California has not identified $7 billion in additional funding needed to build an initial segment between Merced and Bakersfield, California.
USDOT gave California until mid-July to respond and then the administration could terminate the grants.
https://www.msn.com/en-us/news/us/us-sees-no-viable-path-for-california-high-speed-rail-project-may-rescind-4-billion/ar-AA1G4YDR?ocid=msedgdhp&pc=LCTS&cvid=95faab806c6b48e9a30fbf2e6a6be79d&ei=10
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