California High Speed Rail

Proposition 1A appears to be heading for a victory in California. Passage of this proposition would start funding construction of a high-speed rail line between the Transbay Terminal in San Francisco and Los Angeles Union Station. The trip would take about 2 1/2 hours, and would cost $55 one way. After departing San Francisco, the train would make stops on the Peninsula and in San Jose and Gilroy before heading over the Pacheco Pass to the San Joaquin Valley and points south.
The system would be the largest public works project in California history - bigger than the California Aqueduct - and would cost $32 billion for the main line between San Francisco and Los Angeles and another $10 billion to $12 billion to complete the network with extensions to San Diego, Sacramento and Riverside County. The state is banking on getting about a third of the construction budget from state taxpayers, a third from the federal government and a third from private investors.

Source: Trippen