|6:50 PM EST||
Doug LaMalfa, R-CA 1st
Mr. LaMALFA. Mr. Speaker, our subject here tonight is about California's high-speed rail project, a project that was voted in in 2008 by the voters of California with approximately $9 billion worth of bonds to help fund what would be a project that would seek outside private investment as well, a project that would link San Francisco to Los Angeles with possible additional spurs to Sacramento and San Diego. It has run into large funding problems and such. So the subject of our time tonight
is that we see that there are huge problems with the funding and where will the funding come from.
I have my colleagues here from California, as well, who would like to speak on this subject. First of all, I would like to yield to my good friend and colleague from the north San Joaquin Valley, Congressman Jeff Denham, who has been a leader on this issue here in Congress as well as chairs the Subcommittee on Transportation and Infrastructure, which deals directly with rail and this issue. So, Congressman Denham, I would love to hear from you tonight.