SAN MATEO -- The White House on Tuesday announced plans to spend $56 billion over the next six years to build high-speed railroads, bringing California's massive bullet train project closer to reality.
Should the plan -- one of Obama's signature job-creation initiatives -- make its way through Congress, California would be in line for the biggest chunk. That money would fuel the state's $43 billion bullet train project -- its biggest public works undertaking in a generation.
"This is the kind of bold investment in the future of our nation's infrastructure that will get the attention of the private sector and make high-speed travel a reality in the United States," Roelof van Ark, CEO of the California High-Speed Rail Authority, said in a statement.
The money could be used to extend the first stage of construction -- a $5.5 billion, 120-mile line between roughly Fresno and Bakersfield -- toward the Bay Area and Southern California.
The tracks will run along the Caltrain corridor between San Francisco and San Jose.
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