Valley will kick
off construction of nation’s first high-speed rail system
Fresno,
CA –
After pressing the White House for funding and advocating on behalf of the
Valley, Congressman Jim Costa, joined by Fresno Mayor Ashley Swearengin, today
announced $715 million in federal funds for Valley high-speed rail. The
funding, made available through the Federal Railroad Administration’s (FRA)
High-Speed Intercity Passenger Rail Program, will go towards beginning
construction on the state’s high-speed rail system between Merced and
Bakersfield. In what will be a major boost to the Central Valley’s economy, the
high-speed rail system is expected to generate more than 135,000 full-time one-year
job equivalents over the course of its construction.
Rep.
Costa highlighted the impact high-speed rail will have on the Valley’s economy
and the years of work put in to get to this point. Costa was the original
author of the high-speed rail bond that passed in California in November, 2008.
The bond measure allocated $9.95 billion towards the state’s high-speed rail
project.
“High-speed
rail means more jobs and economic opportunity for the Valley,” said Costa. “That’s
why I authored the original bond measure and fought for these funds. Our years
of hard work have paid off and the Valley will kick-off construction of our
nation’s first high-speed rail system. I applaud the commitment of Secretary
Ray LaHood and the Administration to make this project a reality.”
Fresno
Mayor Ashley Swearengin called the announcement an “incredible development” and
emphasized the growing momentum for the project.
"This
is an incredible development, both for California's high-speed train
initiative and for Fresno and the San Joaquin Valley,”“I commend Transportation Secretary Ray LaHood and
Administrator Joe Szabo of the Federal Railroad Administration for their
commitment to high-speed rail. We look forward to working with the
California High Speed Rail Authority to move this project forward.” Mayor
Swearengin said.
In
FY2010, Congress appropriated $2.5 billion for high-speed rail and intercity
passenger rail. Through the work of Rep. Costa, Rep. Cardoza, and Mayor
Swearengin, FRA announced $715 million of these funds to begin construction of
the state’s high-speed rail system in the Central Valley. Matching funds will
be provided through the state bond which Costa originally authored. FRA will
work with the state to determine whether to first begin construction on the
Merced to Fresno segment or the Fresno to Bakersfield segment.
Earlier
this year, California’s high-speed train project was the nation’s largest
recipient of federal stimulus funding, $2.25 billion from the $8 billion
available within the American Recovery and Reinvestment Act.
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