The Biden administration is sending California more than $3 billion in federal taxpayer funds for the state's high-speed rail project which was first approved 15 years ago and has since faced unprecedented delays and been dramatically downsized.
The White House announced $3.07 billion in additional federal funding for the California Inaugural High-Speed Rail Service Project as part of a broader announcement Friday unveiling a total of $8.2 billion in new passenger rail corridors nationwide. The project — which has ballooned $80 billion over budget since it was first approved by California voters in 2008 — has been championed by Democratic Gov. Gavin Newsom and former House Speaker Nancy Pelosi.
"California is delivering on the first 220-mph, electric high-speed rail project in the nation," Newsom said after the funding was announced. "This show of support from the Biden-Harris Administration is a vote of confidence in today’s vision and comes at a critical turning point, providing the project new momentum."
