$68B High-Speed Rail Plan Draws Fire From Orange County

Law360, San Diego (May 31, 2012, 8:20 PM EDT) -- The Orange County Transportation Authority criticized the California High-Speed Rail Authority’s schedule for constructing the initial segment of a $68.4 billion rail system in a letter the regional transit provider drafted last week, also taking aim at its proposal to use revenue from cap-and-trade auctions.

The rail authority is asking the state Legislature to approve a request for $2.7 billion in state bond proceeds and $3.3 billion in federal funding to allow it to get underway with the first leg of construction in the Central Valley:...
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