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California High-Speed Rail Ready To Lay Some Track

California High-Speed Rail / Flickr
 

California High-Speed Rail / Flickr

(AP) - After years of prep work, California's $64 billion high-speed rail project is ready to lay some track.

Gov. Jerry Brown's finance department on Friday approved the rail authority's request to spend $2.6 billion on work in the Central Valley.

The decision lets the authority ask the state treasurer's office to sell a portion of the nearly $10 billion in bonds voters approved in 2008 for a bullet train.

Some of the bond money has previously gone for administration and on work to connect the new system to existing tracks.

The bullet train's long-term prospects remain clouded because of uncertainty over funding. Significant federal help is required, and the Republican-controlled Congress does not support the project. Private money also is needed but none has been secured yet.

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