ACEQ Investment received CA High Speed Rail Authority Letter
Last week, we received a letter from California High Speed Rail Authority to acquire our land, which locates in Los Angeles County.Our land and several parcels are on the California’s high-speed rail development road map.
Based on California High Speed Rail Authority’s information. By 2029, the system will run from San Francisco to the Los Angeles basin in under three hours at speeds capable of over 200 miles per hour. The system will eventually extend to Sacramento and San Diego, totaling 800 miles with up to 24 stations. The Authority states that high-speed rail development can reduce road traffic for the air pollution, and save the commute time, the era of high oil prices.
Note: The following picture showing the California High Speed Rail Authority land survey and acquisition letter