How will the bond money be used?
Part of the $9.95 billion bond funds — $950 million — will go to other rail transportation agencies, including the San Francisco Cable Cars. It is possible that this investment assures the continued support of the state’s rail operators for the continued development of this project despite its enormous costs. The net $9 billion from the bonds going to HSR will be a “down payment” toward the final costs which are presently set at $40 billion but promise to be several multiples of that.
