Quote:
Originally Posted by phoenixboi08
However, this strange bias that leads us to never discuss this program's shortcomings while insisting CAHSR is a long-shot (even while 80-90% of the trunk-line is fully funded, and under construction!) drives me nuts!
|
While CHSR construction is already underway in the valley, it's not even close to being fully funded. From CHSR's own website:
http://www.hsr.ca.gov/About/Funding_...ing_plans.html
There's three (3) funding plans implemented to date.
(1) Central Valley Segment Funding Plan
Otherwise known as Segment A.
Projected costs estimated at $7.813 billion for 119 miles
From Proposition 1A $2.609 billion
Matching Federal grants totaling $2.970 billion
State Cap-and-Trade Proceeds totaling $2.234 billion
(2) San Francisco to San Jose Peninsula Corridor Funding Plan
Otherwise known as the Peninsula Corridor Electrification Project (PCEP)
Projected costs estimated at $1.980 billion for 51 miles
Federal funds amounts: (total $977.7 million)
FTA Formula Program Funds $330.7 million
Section 5309 Core Capacity $647 million
State funds amounts: (total $733 million)
From Proposition 1A $600 million
From Cap-and-Trade $113 million
Transit and Intercity Rail Capital Program $20 million
From Proposition 1B $8 million
Local funds amounts: (total $261.6 million)
JPB Members $193.2 million
From MTC Bridge Tolls $39.4 million
From BAAQMD $20 million
Caltrain (LCTOP) $9 million
(3) Rosecrans/Marquardt Grade Separation Project Funding Plan
Raises one highway intersection over the railroad tracks (0 miles of track)
Projected costs estimated at $155.3 million
Federal funds amounts ($23.135 million)
US TIGER $15 million
National Highway Freight Program $8.135 million
State funds amounts ($96.665 million)
From Proposition 1A $76.665 million
From Interregional Transportation Improvement Program $7 million
From Section 190 Grade Separation Program $15 million
Local funds amounts ($33.5 million)
Measure R $26.5 million
BNSF $7 million
Total funds dedicated for the CHSR program so far is $9.948 billion for just 170 miles of HSR corridor. The entire HSR system will have over 800 miles of corridor and projected to cost over $64 billion.
Let's do some simple math.
$10 billion/$64 billion = 12.9% funded financially
170 miles/800 miles = 21% funded scope of corridor
That's no where close to being 80-90% funded.
For optimists, a FYI, Proposition 1A authorizes up to $9 billion of funding for CHSR, they have allocated $3.276 billion so far, leaving just $5.724 billion left. They have only spent 36.4% of it so far. That's assuming all $9 billion of Proposition 1A was for CHSR. The remaining $5.724 billion will be quickly consumed as they start construction in the mountains.