Comes now word from Sacramento that Governor Jerry Brown has signed the bill providing for funding the construction of the initial segment of the proposed California high-speed railroad. It authorizes $2.6 billion in bonds to fund construction of the railroad’s first segment in the Central Valley, and another $1.9 in such bonds for other, local railroad improvements (Brown’s consent to the latter was evidently the political price he had to pay for getting this legislation passed). No word on what the interest rate will be on those bonds. Jerry Brown Signs California High-Speed Rail Bill, sacbee.com, July 16, 2012 — click here.
Cute political touch: The signing ceremony took place in Los Angeles — at the Union Station, what else? and will be repeated in the Bay area. But not in the Central Valley where opposition to the high-speed choo-choo is intense.