Despite money woes, Cal bullet train board approves new business plan

Posted on May 16, 2018 5:48 am

The board tasked with overseeing California’s ambitious high-speed rail project approved a new business plan Tuesday and pledged to keep pushing forward even as the plan faces stark financial challenges.

“We are going to deliver high-speed rail for the people of California,” board chairman Dan Richards said.

At stake is a plan to build a high-speed train between Los Angeles and San Francisco by 2033 at an estimated price tag of $77 billion.

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