Private funds could cover most of Calif.'s HSR project costs

12/4/2012 | Bloomberg

California is looking for as much as $55.1 billion in private funding for its $68.4 billion high-speed rail project, according to Gov. Jerry Brown's administration. The project is looking at sovereign wealth funds, endowments and pensions. "We have active interest in and outreach to sovereign funds and foreign consortia that are looking at us," said Jeffrey Morales, CEO of the California High-Speed Rail Authority.

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