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Saturday, October 2, 2010

California to get $2.25 billion in high-speed rail funding

California will receive $2.25 billion, the largest amount for any state, in federal economic stimulus funds to develop a high-speed rail line running from Anaheim to San Francisco -- a big boost for the long-discussed project aimed at accelerating the state's economic recovery. Overall, the Obama administration plans to distribute $8 billion for work on 13 rail corridors. Those include a Midwest line from Chicago to St. Louis and one in Florida running from Tampa to Orlando. Trains on the proposed Anaheim-to-San Francisco line, which is projected to cost about $42 billion, would whisk passengers the 400 or so miles in no more than 2 hours, 40 minutes.

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