Originally published on EV Obsession. In a rather interesting turn of events, it appears that China Railway International is working with the Chinese Export-Import Bank to potentially finance a portion of the proposed Californian high-speed.

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SAN FRANCISCO (Reuters) – A team of Chinese firms, along with the Export-Import Bank of China, wants to build and finance a large part of California’s proposed 800-mile high-speed rail project. The firms expressed their interest last.

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Apr 20, 2017. The California treasurer sold $1.2 billion in high-speed rail bonds Thursday, which would be tapped for Central Valley construction.

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While the London government will finance the high speed train line, it is looking for external investors to bankroll the infrastructure around the terminals and stations. According to the FT, documents released by the Cabinet Office show.

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Once upon a time, Gov. Jerry Brown’s administration was blithely professing confidence that they wouldn’t need to hit up taxpaying Californians to continue financing his pet high-speed rail project beyond the initial $10 billion in bonds.

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