"Our business plan is predicated on having private operations after the initial system is built," [Dan] Richard [chairman of the rail authority board] said. "Turning the design of the system over to a private operator would have been a bad financial move for California taxpayers. SNCF's proposal was self-serving and not in the public interest."
California says that they know how to do it and don't need help from a world-class business that actually makes money in a country (France) that doesn't generally shy away from subsidizing businesses that can't make it on their own (Airbus and Minitel come to mind).
Hmmm... What could possibly go wrong.
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