CAHSR Finances
Author: Commenter
Date: 11-24-2017 - 20:34

There are plenty of opinions about whether or not California High Speed Rail should or should not have been built. I'm not going there.

There are plenty of opinions about where it should be run. I'm not going there.

There are plenty of opinions about which section should be built first. I'm not going there.

I'm just going to list the sections, what they are proposed to cost and where the money came or will come from. No arguments requested. It's just data. Do what you will with it.

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Central Valley Segment Funding Plan, March 3, 2017

The plan for the first segment of the IOS identifies the amount, source, and estimated time of receipt for all construction funding. The plan indicates it will utilize $3 billion in federal funds, $2.6 billion in Proposition 1A bonds and $2.2 billion of Cap and Trade auction proceeds to construct the segment.

It was estimated that Cap and Trade auction proceeds would be approximately $500 million per year. Recent results have been closer to $800 million per year.

The Central Valley funding plan identifies the usable segment as from the Madera Amtrak station to Poplar Avenue in Shafter, including two high-speed rail station at Fresno and Kings/Tulare. As for estimated construction costs, the plan indicates that this segment is estimated to cost $7.8 billion. This amount includes $6.7 billion for right-of-way acquisition, utility relocations and civil works construction and $1.1 billion for electrification of the segment.


San Francisco to San Jose Peninsula Corridor Funding Plan, March 3, 2017

The Peninsula Corridor funding plan identifies the segment as from the 4th and King Station in San Francisco to Tamien Station in San Jose, which includes high-speed rail stations at 4th and King Station in San Francisco and Diridon Station in San Jose. As for estimated construction costs, the funding plan estimates that it will cost $1.98 billion to design and construct the electrified infrastructure and purchase vehicles.

In addition to $600 million in Proposition 1A funding, the state has committed up to $113 million in Cap and Trade auction proceeds or other Authority resources, a $20 million grant under the Transit and Intercity Rail Capital Program, and $8 million of Prop 1B bond funding. Various local sources have committed a total of $262 million. The federal government is the source of $331 million in Federal Transit Administration Formula Program funds and $647 million in Section 5309 Core Capacity Funds.


Los Angeles to Anaheim Segment Incremental Capital Investment (#1) Funding Plan August 15, 2017

The Incremental Capital Investment (#1) funding plan identifies the segment as from the existing Los Angeles Union Station to the Anaheim Regional Transportation Intermodal Center train station. The first capital investment between the two stations leading to implementation of the usable segment is a grade separation located at the intersection of Rosecrans and Marquardt Avenues in Santa Fe Springs, CA. The funding plan estimates that it will cost $155.33 million to separate the roadway from the existing railroad tracks crossing the intersection.

In addition to $76.665 million in Propostion 1A funding, the state is expected to commit $8.135 million in National Highway Freight Program funds through the California Freight Investment Program, $7 million from the Interregional Transportation Improvement Program, and $15 million of Section 190 Grade Separation Program funds. The federal government granted $15 million of Transportation Investment Generation Economic Recovery (TIGER) funds to the project in July 2016. A total of $26.5 million in local Measure R funds have also been committed to the project. Finally, BNSF Railway will commit $7 Million based on statutory requirements.

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This leaves $6.623 billion of Proposition 1A funds, of which $423.335 million is reserved for early investment projects in Southern California, and approximately $800 million per year from Cap and Trade. Local and federal funds as well as other state sources should no doubt be included, but are difficult to predict or determine.



Subject Written By Date/Time (PST)
  CAHSR Finances Commenter 11-24-2017 - 20:34
  Re: CAHSR Finances synonymouse 11-25-2017 - 11:21
  Re: CAHSR Finances Ed Workman 11-25-2017 - 11:34
  Re: CAHSR Finances HUTCH 7.62 11-25-2017 - 15:03
  Re: CAHSR Finances Pdxrailtransit 11-26-2017 - 13:53


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