| 04.12.2012 - California looks to sovereign wealth funds for high-speed rail |
| 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 |