Monday, January 16, 2012

California High-Speed Rail Suffers Setbacks With 2 Top Officials Leaving - Bloomberg

Plans for bullet trains to crisscross California (STOCA1) at 220 miles per hour (354 kilometers per hour) face new questions after the chief executive officer and board chairman of the project both said they would leave their positions. Roelof van Ark, CEO of the California High-Speed Rail Authority since June 2010, will step down in about two months, Rachel Wall, a spokeswoman, said yesterday by e-mail. Tom Umberg will relinquish his position as chairman, while remaining a board member, she said. California is the only state working to build tracks for high-speed trains, which are to connect San Francisco to Los Angeles by 2033. A review panel on Jan. 3 recommended against selling bonds for the $98.5 billion project. This week, Republicans in the Legislature introduced a bill to prevent the bond sales, calling the train service a “lemon.” Governor Jerry Brown said the state should move forward with the project.

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