HSR peer reviewers: Bullet train not feasible

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webmaster | 01/09/12
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The state should not approve bond funds for the California High-Speed Rail Authority’s bullet train project — at least not until the Authority can detail where about $30 billion in additional funding is going to come from, according to a recommendation by the California High-Speed Rail Peer Review Group.

The recommendation was made last week in a response to the Authority’s draft business plan issued in November 2011.

“We cannot overemphasize the fact that moving ahead on the (high-speed rail) project without credible sources of adequate funding, without a definitive business model, without a strategy to maximize the independent utility and value to the State, and without the appropriate management resources, represents an immense financial risk on the part of the State of California,” wrote Will Kempton, chairman of the peer review group made up of six members.

“Without committed funds, a mega-project of this nature could be forced to halt construction for many years before additional funding could be obtained.” ...

 

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