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Obama Announces Plans for High Speed Rail
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Arellia
The Quiet One


Joined: 23 Jan 2003
Posts: 4425
Location: Dallas, TX

PostThu Apr 16, 2009 6:39 pm    Obama Announces Plans for High Speed Rail

Quote:
Initially, regional transportation offices will compete for the $8 billion included in the $787 billion economic stimulus spending package for high-speed rail, bolstered by $1 billion a year for five years requested in the federal budget.

The $8 billion is part of $64 billion in the stimulus package for roads, bridges, rail and transit, what Obama called "the most sweeping investment in our infrastructure since President Eisenhower built the Interstate Highway System in the 1950s."

Obama said the first round of money would go to upgrading and increasing speeds on existing lines where people could quickly be put to work. The second and third phases would focus on high-speed rail planning and money to jump-start corridors not yet ready for construction. The Transportation Department is to announce first-round grants before the end of the summer.


http://www.google.com/hostednews/ap/article/ALeqM5i6vd11tQjgDt_UiV1emaKY_RciWgD97JQHM00


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