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California Gets High Speed Rail Money

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(Sacramento, CA)
Thursday, January 28, 2010
California is getting the largest share of stimulus money set aside for rail projects around the country. The two billion dollars will help fund the first phase, from Anaheim to San Francisco. Governor Arnold Schwarzenegger says it will boost the economy:

 “Building the high speed rail will create 600-thousand jobs in California.”

In 2008, California voters approved a ten billion dollar bond to help fund high speed rail. U.S. Senator Barbara Boxer says the bullet train, which will eventually provide service from San Diego to Sacramento, is key for the state’s growth: 

 “what we wanted to do is be able to have that mobility, and be able to say to our kids, as our streets get more congested and our roads and our airports, here’s a really great alternative.”

The project is expected to cost more than 40 billion dollars.  Much of that is expected to come from the federal government – and from private investors.
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