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 getting involved in the
funding of the HSR project. 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.
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? Read More...
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? Read More...
Marin Clings to Status Quo
10/12/15 Filed in: Transportation
Planning | Climate
Change
As the Transportation
Authority of Marin was determining what projects to
submit to the 2017 Regional Transportation Plan,
TRANSDEF’s President testified, “Highway performance
is at near-crisis levels. Mobility is severely
impaired. Yet you are being offered more of the
same.” See that testimony and the rest of the
Marin
page. TAM
didn’t discuss whether there was a problem, and
adopted staff’s status quo proposal.
Read
More...