The California High-Speed Rail Authority released the Draft 2016 Business Plan, that provides the path forward for the construction and operation of a section of the high-speed rail program, using existing funds, which will generate revenue within the next decade.
Under the recently updated business plan, California High Speed Rail Authority prioritizes investment on the northern portion of the HSR system.
Overall capital costs are reduced from USD 67.6 billion to USD 64.2 billion.
The plan also provides the path forward for the construction and operation of a section of the high-speed rail program, using
Existing funds, which will generate revenuewithin the next decade.
The draft plan summarizes the progress made over the last two years, updates available funding and financing, forecasts ridership, and updates risk management information.
In this plan, the authority high lights three objectives to move the high-speed rail program forward.
With existing funding and more than 161 km of active construction in the Central Valley already underway, the authority will complete
the construction of the high-speed rail line between Silicon Valley and Central Valley by 2024, with operations beginning in 2025.
The second objective is to make strategic, concurrent investments throughout the system that will be linked together over time.
Investments that connect state, regional and local rail systems, will provide immediate mobility, environmental, economic and commu
nity benefits.
A new objective is to construct additional segments as funding becomes available. This requires completing the environmental analyses for every mile of the program and securing environmental approvals. The authority will continue to move forward with clearing all project sections between San Francisco and the Los Angeles/Anaheim area by 2017.
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