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CAHSR Authority Releases New Business Plan

Posted on February 17, 2014 by admin Posted in California, High Speed Rail
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The CA High Speed Rail Authority released a draft business plan for 2014, which forecasts slightly lower construction costs and higher operations costs and ridership. The new plan anticipates an increase in shorter trips, leading to lower fares and revenues. However, as previous plans have stated, the bullet train is expected to pay for its own operations costs, without the need of government subsidies. After a public hearing on the plan, the Authority is expected to approve the plan in April, with consideration by the state legislature starting in May.

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