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Engineers Will Finally Be Paid For California High-Speed Rail Work

Publication Date: 4/7/2009
Author: J.T. Long
Format: HTML

With billions of dollars of state and federal funds anticipated, California can now pay some 80 engineering consultants on its planned 800-mile, $46-billion high-speed rail line. Already $5 million in debt for scoping and design work that occurred on the north-south express connector since the financially-strapped state froze infrastructure financing in December, the Pooled Money Investment Board approved a $29.1-million loan at its April 6 meeting after State Treasurer Bill Lockyer successfully sold $6.54 billion in bonds at the end of March.

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