Independent Peer Review

California’s ambitious high speed rail program hit a snag yesterday (January 3, 2012) when a peer review group recommended a halt to continued bond funding of the project until a long-term funding source can be secured.

The group said in its report that “we cannot overemphasize the fact that moving ahead on the HSR project without credible sources of adequate funding, without a definitive business model, without a strategy to maximize the independent utility and value to the State, and without the appropriate management resources, represents an immense financial risk on the part of the state of California.”

Click Here to Read about the Peer Review's Report on HSR

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