U.S. cancels $929M in California high speed rail funds after appeal rejected

WASHINGTON (Reuters) – The Trump administration said Thursday it was formally cancelling $929 million in previously awarded funding for California’s high-speed rail program after rejecting an appeal by the state. The U.S. railway regulator, the Federal Railroad Administration (FRA), said on Thursday it had canceled the funding awarded in a 2010 agreement after it said the state had “repeatedly failed to comply” and “failed to make reasonable progress on the project.” The Trump administration moved to end funding after California Governor Gavin Newsom said in February the state would scale back the planned $77.3 billion high-speed rail project after cost hikes, delays and management concerns, but would finish a smaller section.

Source: www.reuters.com