High Speed Rail

Jerry Brown Wants Cap-and-Trade Money for Calif. Train Project

Since industry won't invest in project, let's make them pay to do business in the state and use that money instead

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Gov. Jerry Brown plans to propose spending millions of dollars in fees paid by carbon producers to aid the state's controversial high-speed rail project.

The proposal—and the prospect of additional funding from the state's cap-and-trade program in future years—could provide a significant lift to a $68 billion rail project beleaguered by uncertainty about long-term financing.

Brown plans to propose allocating several hundred million dollars this year, sources told The Sacramento Bee.

Though the state has acquired $3.4 billion in federal funding to start construction of the rail project in the Central Valley, legal challenges have left state bond funding in question.