Financial Risk Analysis
The California High Speed Rail has made several attempts at provide a viable business plan that identifies a secure source of funding for the construction of the project and also identifies a plan for operation and maintenance of the project that is void of subsidies. Every Business Plan submitted has been rejected by legislature.
Member of the Community Coalition on High Speed Rail (CC-HSR) have published several reports that highlight the issues with the financial viability of this project. These reports were produced by:
Alain C. Enthoven: Marriner S. Eccles Professor of Public and Private Management (emeritus), GSB Stanford; President, Litton Medical Products; Economist, Rand Corporation; President's Award for Distinguished Federal Civilian Service; Baxter Prize for Health Services Research; Fellow American Academy of Arts and Sciences; Founder, Jackson Hole Group (BA Economics, Stanford; Rhodes Scholar-Oxford; PhD Economics, MIT)
William H. Grindley: World Bank; Associate Division Director, SRI International; Founder and CEO, Pacific Strategies, ret. (Master of City Planning, MIT)
William Warren: Officer, US Navy. Forty years of Silicon Valley finance, sales and consulting experience and management, including CEO of several start-ups, Director/Officer at IBM, ROLM, Centigram, and Memorex (BA Political Science, Stanford; MBA, Stanford.
The reports produced are located below (please CLICK on the report):- Financial Aspects of California's Proposed High-Speed Rail System (Excellent Graphics)
- The Financial Risk of California's High Speed Rial Project - 2011 Edition
- The Financial Risk of California's High Speed Rial Project - 2010 Edition
