In report: California won $2.3 billion of federal funds to help build the high-speed train, the largest award in Obama’s program. The state also approved in 2008 a $10 billion bond sale to help fund the rail line, which is due to start services in 2020.
The California State Auditor has said that the state’s business plan for the high-speed rail network does not include steps to replace all of the $17 billion to $19 billion in federal funds initially envisioned for the system. --- and bank of Japan will lend California $40 billion if they use Japanese trains-- Bombardier and Embarer used to fight it out in WTO court with Brazil and Canada both charging loans for aircraft unfair--- anyway US taxpayers and California taxpayers will probably get to fund these Japanese trains??