eNewsletter for October 21, 2013

Most of the hyperbole about the High Speed Rail program is driven by old fashion partisan politics rather than sound transportation policy. The Prop 1A Ballot measure allows the State to sell 10 Billion dollars in bonds for Public/Private financing of a High Speed Railroad through California. The assumption was the bonds would be matched with Federal Funds. The ballot measure prevents the State from subsidizing operation of HSR Train service. But the intent of the project is that the majority of the funding will be privately raised and serviced by profits from the operation of the HSR trains. Most High Speed trains, most intercity passenger trains for that matter make an operating profit. The ballot measure does not require the train’s profits to pay off all of the capital costs of the HSR project. Much of the hysterical opposition to the HSR project is either ignorant of what is in the Prop 1A ballot measure or is intentionally trying to mislead the public. NB

October 21, 2013

The above copy of this enewletter is on a PDF file and you will not be able to click on to the links in blue. If you would like to subscribe to this enewsletter write to nbraymer@railpac.org


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