How to save money on the high-speed rail line that will transport you from California to Seattle
Posted On October 14, 2021
A high-frequency rail line between the two California cities of Sacramento and Seattle is set to be built with public money and a private investment, according to an article on Fox News.
The line, which will link San Francisco to Sacramento in just over a day, is expected to save taxpayers millions of dollars over the next decade and provide an alternative for some of the state’s most underserved communities.
California Governor Jerry Brown signed the bill that would allow the state to fund the construction of the line, and he also said that he would push to extend the California High Speed Rail Authority to Seattle.
The authority was established to improve the state and local economies and provide a reliable and affordable transportation option for residents and businesses in the San Francisco Bay Area.
California is one of the largest economies in the world, and it has seen its economy grow more than 30 percent over the past four years.
The state has also been the focus of a federal investigation into the state government’s handling of the deadly train derailment that killed 49 people.
The agency has since been reorganized and is now led by the Federal Railroad Administration.
The project, which has already been approved by the state legislature, is being funded by a $8.2 billion bond bill that was passed in May.
“Our goal is to have the high speed rail line open by 2020 and then open for service by 2021,” Brown said.
“But in order to do that, the rail authority has to be reauthorized.”
He added that the high cost of building and maintaining the high frequency line would require a $500 billion bond that would be paid out to the state over the course of the next 10 years.
While the California state government has been reluctant to spend money on high-cost projects, this one is expected be funded with a new $8 billion bond package that was approved by voters in November.
The bond is expected, too, to be repaid over a period of time.
“We will be able to pay for this, we have the resources to pay the debt and the state has the resources and the authority to do so,” Brown told Fox News’ Sean Hannity.
The High Speed Railway Authority is one part of a plan by Brown and congressional leaders to bring millions of people from California’s interior and inland areas into the Golden State.
A key part of the plan involves building the line from California State University, Northridge to the California-Oregon border, with stops at both cities.
The trains would travel at a speed of up to 760 miles per hour and be capable of carrying 1.2 million passengers.
The high-performance trains would allow for a high number of cars and crew, as well as the ability to operate at higher speeds than the current high-end rail line, according the California Department of Transportation.