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Old Posted Apr 16, 2010, 4:25 PM
BTinSF BTinSF is offline
Join Date: Jun 2006
Location: San Francisco & Tucson
Posts: 24,088
Friday, April 16, 2010
Bullet train’s business study aims to get project on track
San Francisco Business Times - by Eric Young

Amid criticism from state officials and Peninsula residents, California’s high-speed rail planners will amend their business plan to better estimate ridership and revenue on the planned $42.6 billion project.

The California High-Speed Rail Authority said last week it hired consultants at Cambridge Systematics and transportation researchers at University of California, Davis, to produce new ridership and revenue estimates.

Additionally the rail authority said the Institute of Transportation Studies at University of California, Berkeley, will review the authority’s existing ridership forecasts. Their work will be done by the end of the year . . . .

The bullet train’s rider and revenue plan, submitted to state lawmakers four months ago, is imporant. If the system can show substantial ridership and revenue numbers, it will have an easier time attracting private investors and other government support . . . .
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