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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

California looks to sovereign wealth funds for high-speed rail

Posted on 04 December 2012

The state is courting sovereign wealth funds, pensions and endowments to raise more than $50 billion needed to build the proposed high-speed rail system, Bloomberg reports.
California’s planned bullet train would link San Francisco and Los Angeles at a cost estimated at $68.4 billion. California so far has $10 billion in bonds approved by voters for the project, as well as $3.3 billion committed by the federal government………………………………………..Full Article: Source


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