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Releasing a business plan this morning that projected it could $98.5 billion over 20 years to build California's high-speed rail project, the California High-Speed Rail Authority sought to remake the project's beleaguered image while pressing the Legislature to let it move forward.

"This plan represents a new day, a new time and a new beginning" for the project, said Tom Umberg, chairman of the rail authority board.

Authority officials lined up to speak to reporters at the California State Railroad Museum. A podium was set up in front of a Northwestern Pacific locomotive, its cow-catcher jutting out.

"High speed rail will be hard to do and hard to accomplish," said Dan Richard, a rail authority board member.

However, he said, it will be "worth it for the citizens of California."

The full report can be read here.


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