Funding secured for first phase of California High-Speed Rail

Railroad.net reported on the California high-speed rail authority announcement that funding has been secured for the first phase of the Califronia high-speed rail plan.

"An important step in making California high-speed rail a reality has recently been announced in a California High-Speed Rail Authority press release.  The announcement reveals that the authority and the Federal Railroad Administration have signed a cooperative agreement, which will allot $928 million for the first phase of high-speed rail construction.(...) For high-speed rail supporters, the announcement is great news, especially because of the long list of funding issues and lawsuits that the project has had to overcome to get to this point."