President Joe Biden’s administration agreed Thursday to give nearly $1 billion in federal money back to California that President Donald Trump rescinded in 2019 after Governor Gavin Newsom canceled the state’s high-speed rail project.
In a statement, Newsom announced that “the U.S. Department of Transportation and the State of California finalized settlement negotiations to restore nearly a billion dollars in federal grant funding to California’s High-Speed Rail project. The action comes after months of negotiations to restore funding that was previously rescinded by the Trump Administration in 2019.”
Newsom added: “Restoring nearly $929 million in grant funding back to California’s High-Speed Rail project will continue to spur job creation, advance the project and move the state one step closer to getting trains running in California as soon as possible.” He specifically thanked Secretary of Transportation Pete Buttigieg.
Last month, Newsom revealed that California had a $75.7 billion