PopSci Schwarzenegger Hopes California's Future High-Speed Railroads Will Rely on the Chinese, Again
Chinese workers built this country's railroad system 150 years ago, laying track for less than $30 a month in a g
HTML clipboardrand effort to connect the coasts for the first time. Future railroad systems might also be built by the Chinese - or Chinese-owned firms, at least. California Gov. Arnold Schwarzenegger is hoping to
spur Chinese interest in helping his beleaguered state build a new high-speed rail network. China has plenty of experience with
high-speed trains.On a trade mission to Asia this week, Schwarzenegger said he hopes China will invest in his state both in terms of financing and in bidding to work on the project. California is about $19 billion in the red, so "creative financing" is a must, the governor acknowledged ... the project could cost $40 billion - Epic FAIL