Calif. High-Speed Rail Authority approves revised business plan

SAN FRANCISCO (KABC) -- The California High-Speed Rail Authority voted 6-0 to approve a revised business plan for a high-speed rail system in the state. One member was absent from the vote.

The revised price of the project is $68.4 billion, about $23 billion more than what voters authorized in 2008.

The California Legislature will consider the revised plan. It has until Aug. 31 to authorize a bond sale to begin the project.

Republican state Senator Doug LaMalfa (R-Oroville) is collecting signatures to try to get a measure on the ballot that will prevent the state from issuing bonds to help pay for the plan.

The Associated Press contributed to this report.

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