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Private companies aren’t investing in California’s high-speed rail system

Ever since the 2008 high-speed rail ballot initiative passed, the California High Speed Rail Authority has claimed that there is private-sector interest in building the state’s high-speed rail line. Eighteen years have passed since the ballot initiative, and not a single dollar of private investment has been made. Yet, California High Speed Rail Authority CEO Ian Choudri recently told the Fresno Bee, “We are bringing the private sector in, and t…
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Reason Foundation broke the news on Monday, June 22, 2026.
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