Full Speed Ahead
Sacramento, CA — California will receive $2.25 billion from the federal government for its high speed rail project.
The announcement was made by Governor Arnold Schwarzenegger Thursday afternoon.
“State leaders fought hard for this investment because it means jobs, jobs, jobs for Californians,” says Schwarzenegger.
The first phase of the state project will extend about 520 miles from San Francisco to Anaheim, with the goal of completion by 2020. Phase II would extend the system north to Sacramento and south to San Diego by 2026.
With the passage of Proposition of 1A in November of 2008, California voters provided a $9.95 billion bond funded down payment for the project.
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