On Friday, the California Senate approved funding for a high-speed rail system. The cost of the completed project is estimated at more than $68 billion. The first phase is set to be built in the state's Central Valley. The project is expected to create as many at 100,000 construction-related jobs, and up to 450,000 permanent new jobs over the next 25 years, according to the California High-Speed Rail Authority. The agency said the final rail line will allow passengers to travel between San Francisco and Los Angeles in around three hours' time, and between Los Angeles and San Diego in about 80 minutes.
