California competing for high-speed rail funding

SACRAMENTO, Calif. -- The nationwide race is on for federal high-speed rail money, as state after state jumped on board Friday -- including California with a giant bid.

Gov. Arnold Schwarzenegger submitted the state's $4.7 billion bid for stimulus dollars, including nearly $1.3 billion for Valley routes.

California's application seeks more than half of the $8 billion that Congress and President Barack Obama set aside for high-speed and intercity rail projects across the country.

But the competition is intense.

Federal officials would not confirm how many states had applied as of late Friday afternoon in advance of the 9 p.m. deadline. But bids were streaming in, according to news reports and statements from other states.

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