Trump Cuts California High-Speed Rail Funding Again - What's Next?

Transportation Secretary Axes Additional Funds for California High-Speed Rail Projects

Transportation Secretary Sean Duffy has canceled $175 million from California’s high-speed rail project, a month after the agency withdrew $4 billion in federal grants to the project. The move cuts funding for four projects related to the high-speed rail, including the Le Grand Overcrossing on the Merced Extension ($89.6 million), the Southern San Jose Grade Separations ($7.5 million), the final design for track and rail systems at the Transbay …

Trump cuts California high-speed rail funding again - what's next?

In response, the California High-Speed Rail Authority is exploring new ways to finance the controversial project.

The Trump administration cut California high-speed rail money; the state is looking for new funding sources

California is looking for new ways to finance its high-speed rail project following the Trump administration's decision to pull billions of dollars in federal funds from the project.Transportation Secretary Sean Duffy in July announced the administration is terminating $4 billion in unspent federal funding for the California High Speed Rail Authority (CHSRA) that was allocated by the Federal Railroad Administration. Duffy and President Donald Tr…

Financial News Network - The Trump administration cut California high-speed rail money; the state is looking for new funding sources

California is considering alternative financing for its high-speed rail project after the Trump administration terminated billions in federal funding for the initiative.Read More …