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|June 17, 2021|
Billion dollars in federal funding restored to hi-speed rail project
SACRAMENTO – (INT) – The U.S. Department of Transportation and the State of California finalized settlement negotiations to restore nearly a billion dollars in federal grant funding to California’s High-Speed Rail project.
The action comes after months of negotiations to restore funding that was previously rescinded by the Trump Administration in 2019.
“Restoring nearly $929 million in grant funding back to California’s High-Speed Rail project will continue to spur job creation, advance the project and move the state one step closer to getting trains running in California as soon as possible,” Governor Newsom said Thursday evening.
The California High-Speed Rail project is under construction along 119 miles in the Central Valley with more than 35 active construction sites and an average of 1,100 workers a day at the various job sites.
Story Date: June 11, 2021