The Biden administration reinstated a $ 929 million grant to California’s high-speed rail that former President Trump canceled in 2019 late Thursday.
Both parties, including the California High-Speed Rail Authority and the US Department of Transportation, have agreed to restore the grant within three days. Settlement agreement.
Proposed in 2019 after Biden withdrew funding for a high-speed rail project in a state that was plagued by significant delays and rising costs in March, months after Biden took office. Negotiations have begun to resolve the proceedings.Trump has repeatedly clashed with California as president in many respects
A California lawsuit alleged that the Department of Transport lacked the legal power to withhold the $ 929 million assigned to the Obama administration 10 years ago, but remained undeveloped.
“It’s great news for our state and country that the Biden administration has recovered nearly $ 1 billion for California’s high-speed railroads,” said California Democrat Nancy Pelosi, Speaker of the House. Said in a statement.
When the Biden administration tries to come up with an infrastructure spending agreement with lawmakers, a financial recovery will occur.
Trump ridiculed the California project by calling it a “disaster,” but Biden strongly supported high-speed rail, saying that the United States “has the cleanest, safest, and fastest rail system in the world.” I vowed to guarantee. Biden wants to dramatically increase funding for its passenger rail network.
The California system, billed by the state as the first high-speed rail project in the United States, is estimated to cost between $ 69 billion and $ 99.8 billion and is expected to be completed in the 2030s.
Governor Gavin Newsom said The recovery of funds will “bring the state one step closer to getting trains to run in California as quickly as possible.”
California voters approved the project’s first $ 10 billion in public debt in 2008, and two years later it was allocated $ 3.5 billion in federal funding. California has previously received $ 2.5 billion.
California Treasury Secretary Fiona said in a letter Monday that the Obama administration had allocated $ 10.5 billion to high-speed rail forecasts in 2009 and 2010, resulting in US high-speed rail not yet in operation.
“Repeated efforts to spend billions of dollars without putting a new line up and running in another decade to clarify would be the death of American high-speed rail,” Ma wrote to Congressional leaders.
“There is no way for the public to continue to support such an agenda without seeing concrete results.”
Reversing Trump, Biden Restores $929 Million for California High-Speed Rail Source link Reversing Trump, Biden Restores $929 Million for California High-Speed Rail