What’s the high speed rail in Claifornia? A state backed project connecting Los Angeles and San Francisco.
California has been looking for building partners and the responses questioned the state financing. The issues raised:
- whether fare revenues would cover operating costs
- can this be done without public subsidies, which the project is prohibited by law from using?
- can the first 300-mile segment between the San Fernando and Central valleys turn a profit like the project claims?…