At the end of the phase, they expect zero riders to actually use the line. They aren’t leaving any money to pay for the trains themselves.
Umm… Did I read/write that right?
From the San Mateo County Times:
The state’s bullet-train project will begin in the Central Valley in 2012, a major victory for project opponents in the Peninsula and a huge blow to the local job market.
The California High-Speed Rail Authority announced this morning it will pool all its available money — $4.3 billion in federal grants and matching state bonds — to start the project between Merced and Bakersfield.
The Central Valley segment beat out two other finalists: the Caltrain corridor between San Francisco and San Jose and the section between Los Angeles and Anaheim.
Read the full article here.