Tuesday, April 07, 2009

California HSR project gets interim cash

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California's high speed rail project has received an infusion of $29 million to keep the $44 billion project moving, at least until midyear. Short-term borrowing by the state treasurer's office Monday will provide the interim funding, which the California High-Speed Rail Authority requires to cover its expenses through June, the end of the state's current fiscal year.

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Separately, the state Monday ended its public comment period soliciting input for the 700-mile high speed rail system. Dominic Spaethling, high speed rail project regional manager, said it's too soon to measure the volume of input, be it suggestions or criticism. Spaethling said he will be one of several officials reviewing comment from individuals, municipalities, nongovernment organizations, and others in the next few weeks, before posting submissions on the Internet.