Peak Energy: Bullet Trains For California - 0 views
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Energy Net on 09 Nov 08AP reports that Californian voters passed a measure to build a high speed rail network in the state - Calif. voters approve $10B bond for bullet trains. Hopefully they can find the money for it California voters are green-lighting the nation's most ambitious high-speed rail system, approving a nearly $10 billion bond to put speeding bullet trains capable of topping 200 mph between the state's major metropolitan areas. The measure, which passed with 52 percent support Tuesday, will fund the first phase of what is projected to be a $45 billion, 800-mile project built with state, federal, local and private money. Backers sold the proposal as an innovative alternative to soaring airfares and gas prices. In the closing weeks of the campaign, they touted estimates that it would create nearly 160,000 construction-related jobs and 450,000 permanent jobs.
