clock menu more-arrow no yes mobile

Filed under:

Private Investors Skittish on Rail

New, 13 comments

To date, private investors aren't exactly stepping up to help fund the $40 billion plus California High-Speed Rail project, reports the Fresno Bee, but rail backers are staying optimistic: "There is a risk" of spending the planning money without ever building the rail, said David Crane, a rail board member and Gov. Arnold Schwarzenegger's economic adviser. "But it's a governable risk and there's enormous upside associated with taking that risk." Click through the see the handy pie chart. So far, CHSR has raised a quarter of that $40 billion. [Fresno Bee]