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Report concerning the Calif. High-Speed Rail Authority¿s (Authority) readiness to manage funds authorized for building the high-speed rail network in Calif., including the $9 billion in general obligation bonds the voters authorized in Nov. 2008. This report concludes that the Authority has not adequately planned for the future development of the program. State law requires the Authority to establish an independent peer review group to review the Authority¿s plans, but only five of the eight members have been appointed. Additionally, the Authority does not currently categorize and track expenditures for admin., which state law limits to 2.5% ($225 million) of the $9 billion in bond funds authorized. Charts and tables.
Contents: (1) Intro.; (2) What is High Speed Rail (HSR)?; (3) HSR Options; (4) Components of a HSR System: Conventional HSR; Track; Signal and Commun. Networks; Magnetic Levitation; (5) HSR In: Japan; France; Germany; Spain; China; (6) Background of Intercity Passenger Rail in the U.S.; (7) Previous Efforts in the U.S.; (8) Recent Congress. Initiatives to Promote HSR; (9) Potential Benefits: Alleviating Highway and Airport Congestion; Alleviating Pollution and Reducing Energy Consumption by the Transport. Sector; Promoting Econ. Develop.; Improving Transport. Safety; Providing a Choice of Modes; Making the Transport. System More Reliable; (10) Infrastructure and Operating Costs; (11) Ridership Potential; (12) Funding Consider.