The Davy Crockett
Engineer
Although the GAO report on CAHSR has not been publicly released yet, Politico is reporting that:
The report was requested by House Majority Whip Kevin McCarthy, who had this to say:
I suspect we will hear more about the GAO report in the days, weeks, months, etc.,etc. ahead.
Politico goes on to report that:The lack of a dedicated funding stream and the austere environment on Capitol Hill make securing an additional $38.7 billion in federal money for California's fast train line in the coming years "one of the biggest challenges to completing the project,"
and that:GAO estimates California is relying on the feds delivering about $2.5 billion annually starting in 2015, when leaders say the fast-train program will require the next federal infusion.
On the plus side, according to Politico:"The largest block of expected money for the California project is uncertain," GAO concluded.
Politico also says the report finds the 'staged approach' being taken for the project is a good stategy.The report contains generally favorable reviews of the California High-Speed Rail Authority's business plan, ridership and revenue forecasts and says that California has demonstrated a "strong economic case for the project" - including job creation benefits and expanded job access to workers.
The report was requested by House Majority Whip Kevin McCarthy, who had this to say:
hboy: Oh, boy! hboy:"The authority's plan is irresponsible and reckless, and that is why I am developing legislation to stop more hard-earned taxpayer dollars from being wasted on California high-speed rail."
I suspect we will hear more about the GAO report in the days, weeks, months, etc.,etc. ahead.
Last edited by a moderator: