No One Wants To Invest in CA HSR!
10/16/15 Filed in: High-Speed
Rail
The California
High-Speed Rail Authority put out a
Request for Expressions of
Interest in building, operating and
financing the HSR project. The FAQ provides cost estimates and
assumes Cap and Trade revenues of $500 million per
year through 2050. CHSRA’s list of
responders. The 36 replies that came back
said, in effect, “No
thank you. We will need a guarantee of revenue
before we will be willing to do that.” See
the Los Angeles Times
coverage.
Note that CHSRA Chair Dan Richard stated “
Because an operating subsidy is prohibited by Proposition 1A, that means that the proposed HSR system cannot be built. It also means the project should not be in construction now, because there is no way enough sections can be funded for there to be a viable system. For a discussion of the issue of adequate capital to construct the project, see What’s Wrong?
Because an operating subsidy is prohibited by Proposition 1A, that means that the proposed HSR system cannot be built. It also means the project should not be in construction now, because there is no way enough sections can be funded for there to be a viable system. For a discussion of the issue of adequate capital to construct the project, see What’s Wrong?