GMAT Preparation 53 – IBM – Financial Analyst – New York – 2008

Proposition 1A
California’s Proposition 8 got most of the national attention, but I found another one to be more interesting:
Proposition 1A: Proposition 1A – Safe, Reliable High-Speed Train Bond Act passed 52.5% to 47.5%

Top speed: 220mph
SF to LA in ~2.5 hours

According to DailyCal
Begin Construction (LA-SF/432mi): July 2010
Finish (LA-SF/432mi): 2018
Finish complete (800mi network):2030

Construction related jobs: 160,000
Permanent jobs created after construction: 450,000

Total funding: $45B
Federal/private funding: $35B
State funding: $10B

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