CA: Lawmakers Scrutinize HSR Plan

High-speed rail board Chairman Dan Richard said he still doesn't know the answer, but officials believe the financing will come from a variety of sources. He said he remains confident that private investors will step up to service and operate the trains, sell tickets and perform other functions once the initial segment is built.

"At this point we don't have answers for you, but we do have a mindset," he said. "It'll be a series of 10 percent solutions; it won't be a silver bullet."

Richard said officials also have committed that each segment will be built only as the money is available and will have "independent utility," meaning they will be able to operate even if future extensions are n

Copyright 2013 The San Mateo Daily Journal Distributed by Newsbank, Inc. All Rights Reserved