Congress is investigating California’s $128 billion high speed rail project, demanding the California High Speed Rail Authority provide information on the U.S. Department of Transportation’s “justification for continuing to fund the California High-Speed Rail project.”
California’s high speed rail project has completed environmental clearance for the entire downtown Los Angeles to downtown San Francisco phase, pending a board vote in the coming days. Now, the question remains whether the state and federal governments will fund the $128 billion project and how, especially as the state faces a $7 billion budget deficit this year even with the governor’s current proposed spending cuts.