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| Project Funding of California MAGLEV |
Preliminary financial analyses indicate that the project can be funded from operating revenues, with support of Transportation Infrastructure Financing and Innovation Act loans and loan guarantees, as authorized in the federal Transportation Equity Act (TIFIA) for the 21st Century (TEA-21). Bond proceeds would be used to finance construction costs. Federal "TIFIA" loans and loan guarantees would enable the reduction of borrowing costs and ensure that revenues from passenger fares, cargo fees, and other miscellaneous sources such as Magport parking fees and Magport area development, would be sufficient to retire the bonds and short-term loans by 2044. |
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| MAGLEV Alliance |
Dec 31 2002 |
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