2024 Draft Business Plan
A Draft 2024 Business Plan was issued February 09, 2024, with a 60-day public comment period that will run through April 09, 2024. The 2024 Business Plan will be considered by the Authority Board of Directors on Wednesday, April 11, 2024.
Message From the CEO
- The Authority is making meaningful progress toward operations with advancements in construction, design for project extensions, procurement of trainsets, and more.
- The federal government has made significant investments in California High-Speed Rail, including over $3.3 billion in new grant funding awarded in 2023.
- The Authority remains committed to building a modern, electrified high-speed rail system that meets the state’s climate and sustainability goals.
“To put all of this in perspective, this project in California is the most ambitious rail project in the entire Western hemisphere. It’s expected to carry 31 million passengers a year, will be 100 percent powered by renewable energy, and, once again, this project is about jobs. It’s already created 12,000 good-paying union construction jobs, with thousands more to come.”
“California is leading the way on high-speed rail for the nation. We have 119-miles of construction in the Central Valley, dispatching [over a thousand] workers daily. With top speeds of 220 miles per hour to connect San Francisco to Los Angeles in under 3 hours, we’re working to transform transportation in California.”
“An electrified high-speed rail network will dramatically improve the quality of life in the Central Valley and up and down California. These bullet trains will make travel quicker and easier, bring housing closer, create new jobs and economic opportunities that would otherwise be out of reach, secure cleaner air for our children and help save our planet.”
The following technical reports provide background support for information presented in the 2024 Draft Business Plan.
- 50-Year Lifecycle Capital Cost Model Documentation
- Capital Cost Basis of Estimate Report
- High, Medium and Low Cash Flow Analysis
- Operations and Maintenance Cost Model Documentation
- Ridership and Revenue Forecasting
- Service Planning Methodology
- Ridership and Revenue Risk Analysis
- Ridership Model Documentation
Board of Directors
Thomas Richards, Chair
Nancy Miller, Vice Chair
Ernest M. Camacho
Martha M. Escutia
James C. Ghielmetti
Requests for translations can be made to BusinessPlan2024@hsr.ca.gov. Please allow 1-2 business day for a response.
The California High-Speed Rail Authority (Authority) is required by Public Utilities Code Section 185033 to prepare, publish, adopt, and submit an updated Business Plan to the Legislature on May 1. The statute also dictates that, at least 60 days prior to submittal to the Legislature, the Authority must publish a draft Business Plan for public review and comment. Business plans are published in even-numbered years.
Business plans represent the status of the high-speed rail program at a point in time, and summarize the Authority’s approach to implementing the system. Business Plans include:
- A summary of progress over the last two years
- A review of current challenges and how to address them
- Updated capital cost and other estimates
- Updated ridership and revenue forecasts
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