clock menu more-arrow no yes

Filed under:

30/10 Via China?

New, 35 comments

Mayor Villaraigosa is now looking to the Chinese to help fund his 30/10 plan, which would build 30 years of transit projects in 10 years by borrowing against future Measure R revenue. He had originally hoped to borrow the money from the US government, but Congress doesn't seem eager to cooperate. The LA Times reports "Villaraigosa said Thursday that he met with executives from China Investment Corp. in Beijing during his trip to Asia in December. The group was established in 2007 by the People's Republic of China, according to the corporation's website." A Metro official was also at the meeting, "which officials said was arranged to explore alternative investment opportunities." [LAT, previously]