Listening to Jeff Morales give project update at APTA conference in San Francisco. Opening statement-" With apologies to rolling stock manufacturers in the audiance, this project is not about the trains."
$3.3 billion ARRA funds
$9 billion in Prop 1b
25% of cap and trade
$2.3 billion, 130 miles under construction. $500 million more by the end of the year.
The 25% of Cap and Trade funds provide a long-term funding stream for the project.
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