Tuesday, June 5, 2012

Californian are extremely slow learners.

Buyers' remorse for California's 'bullet train to nowhere'

California voters are experiencing buyers' remorse over a $68.4 billion (£44.4 billion) high speed rail project which critics say risks becoming a "bullet train to nowhere."

Ambitious plans for a fast track linking Los Angeles and San Francisco at speeds of up to 220mph in just over two-and-a-half hours were slimly approved by 53 per cent in a statewide ballot in 2008. That allowed the state to raise $10 billion from bonds and secured an injection of $3.5 billion in stimulus money from the Obama administration. There is currently no direct train route between the two.

Construction is expected to begin later this year in the middle of California's Central Valley near Merced, a town of 80,000 people known for having one of the highest home foreclosure rates in America.

The plan calls for around 300 miles of track to be laid south from there over the next 10 years to reach the northern outskirts of Los Angeles. A northern link from the Central Valley to San Francisco would not be completed until 2028.

The project is still $54.9 billion short of what is needed, raising fears that the state will be unable to find the funds to finish later sections, and could be left with a futuristic rail line linking minor cities and farming communities.

Amid disillusion over the cost and handling of the project, voters have now turned against what was supposed to become a symbol of state pride.

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