High Speed Rail Deadline
California will have to pick up the pace to meet federal deadlines on high speed rail.
The Associated Press reports that the state has until September 2017 to finish the first 130 mile segment of the line, otherwise it risks losing many federal dollars. The California High-Speed Rail Authority will need to acquire some 120 permits, 1,100 parcels of land and assemble a huge workforce.
The first segment will cost approximately $6 billion. California will have to spend around $3.5 million a day to finish on time, compared to $1.5 million for most other major transportation projects.