Federal funding can be used for preliminary work on California's $68 billion high-speed rail project, without violating voter-imposed limits on the use of state bonds, according to the California High Speed Rail Authority. The agency's statement comes in response to a court ruling that CHSRA failed to identify each funding source required to build the project's first phase and a denial on the part of the state's treasury to issue bonds for the project until legal battles are decided. Work on the HSR route's initial phase will cost $31 billion, but available money is estimated at $12 billion, CHSRA officials said.

Related Summaries