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Posted by: John_Hamilton on 07/18/2012 01:11 PM
Updated by: John_Hamilton on 07/18/2012 01:12 PM
Expires: 01/01/2017 12:00 AM
:
Governor Brown Signs $12.6 Billion High Speed Rail and Transportation Bill
Los Angeles, CA...Governor Edmund G. Brown Jr. today signed SB 1029, which will create thousands of new jobs in California by modernizing regional transportation systems and linking them to the state’s future high-speed rail line. The $4.7 billion investment will be matched by an additional $7.9 billion in federal and local dollars for statewide improvements to transportation in California....
“This legislation will help put thousands of people in California back to work,” said Governor Brown. “By improving regional transportation systems, we are investing in the future of our state and making California a better place to live and work.”
Governor Brown signed SB 1029 at the historic Union Station in downtown Los Angeles, the site of one of the many regional systems receiving funding through this legislation. The Governor will appear later in the day in downtown San Francisco at the future site of the Transbay Transit Center. Both of these stations will serve as major hubs of the future high-speed rail line.
One of the many infrastructure improvements funded by this legislation includes a 2-mile light rail connection that will be built in Southern California to link existing Metro transit and provide a one-seat ride to Union Station. Construction is scheduled to begin in April 2013. In the Bay Area, improvements include more than $700 million to modernize the Caltrain system with electrified rail that is ready to connect to high-speed rail by 2019. These improvements leverage more than $2 billion in additional matching federal and local funding.
“I am very pleased the Governor has signed legislation authorizing the first leg of construction for California’s High Speed Rail Project,” said Speaker John A. Pérez. “This ambitious project will create thousands of jobs and generate billions of dollars for our state, and my colleagues and I have been very pleased to work with the Governor to keep this project moving forward.”
“California’s transit system cannot stagnate because the facts are unforgiving: 20 million additional residents by 2050,” said Senate pro Tem Darrell Steinberg. “You can pave farmlands with new roads and blackout skies with airplanes but the air we breathe will be no better than a tailpipe. This project brings an infusion of energy into rural areas of high unemployment and provides relief for urban traffic gridlock. Most importantly, it’s an investment in California’s future.”
In 2013, construction of the initial segment of high-speed rail, linking Merced to the San Fernando Valley, will create 100,000 job-years of employment over the next five years, the equivalent of 20,000 full-time jobs annually.
SB 1029 invests $4.7 billion of state bonds to improve regional rail service statewide and help commuters arrive where they need to be faster. These funds include a $2.6 billion investment (matched by additional federal funds) for construction of the high-speed rail corridor. California will receive an additional $7.9 billion in federal and local funds for transit systems that provide over 950 million trips per year.
SB 1029 also includes a $1.92 billion state investment in local rail projects to improve connectivity across the state:
• Light rail systems including LA Metro in Los Angeles and San Diego’s Blue Line;
• Electrification of the Caltrain system in the San Francisco Bay Area;
• Replacing train cars on major commuter services like BART in the San Francisco Bay Area; and
• Positive Train Control, an automated safety system designed to stop train collisions.
Including matching federal and local funds, SB 1029 ensures approximately $3.6 billion of economic investment in Northern California, $2.8 billion in Southern California and $6 billion in the Central Valley.
SB 1029 imposes additional reporting requirements on the High-Speed Rail Authority to improve accountability, manage project risks and keep construction on schedule and within budget.
California voters authorized the bond funds in 2008 by passing Proposition 1A, the High-Speed Rail Act. For the full-text of SB 1029, visit: http://leginfo.ca.gov/bilinfo.html. For additional information on local transportation improvements in the Bay Area and Southern California, visit: http://www.cahighspeedrail.ca.gov/.
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