Board seeks $8.6B in Calif. high-speed rail bonds

Published March 19, 2013 12:44am ET



SACRAMENTO, Calif. (AP) — The California High-Speed Rail Authority voted Monday to issue nearly $8.6 billion in taxpayer-approved bonds to build the nation’s first bullet train as the state rushes to begin construction in July.

Officials are now on track to sell $3.7 billion of the bonds. That includes $2.6 billion for high speed rail and another $1.1 billion for improving existing commuter rail systems in Northern and Southern California.

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