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Old Posted Nov 16, 2022, 4:04 AM
Roy_Batty Roy_Batty is offline
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Join Date: Feb 2021
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I have been trying to research in previous posts and other websites how is this project funded and how much time is it going to take to have all the money to complete Phase 1. As of now, I understand the total cost is estimated to be around 100 billion USD. I appreciate your feedback:

- It seems the only funding secured by the project is a combination of 10 billion USD bonds approved in 2008 by Proposition 1A + 3.5 billion of federal funds received by the federal government during the Obama administration in 2009/2010 (ARRA and HUV) + 25% of annual Cap-and-Trade taxes obtained by the California government from 2014 to 2030 (500 million USD annual average from 2014 to 2020). This totals something around 20 billion USD depending how does Cap-and-Trade average varies during this decade. Am I missing something?

- I just recently read the Infrastructure Investment and Jobs Act approved in November 2021 by the federal government allocates 66 billion USD to train infrastructure; 22 billion USD for Amtrak and 36 million USD for “competitive grants”. However, it seems the project is seeking to get only 1.3 billion USD from federal funding which I understand comes from this. Is this true? 1.3 billion from 36 billion USD seems too low for such an important project.
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