This is a discussion on Extra $3.1b for US' new rail within the Local & Foreign Issues forum, part of the Community Lounge category; WASHINGTON - THE US government on Thursday pumped in an additional US$2.4 billion (S$3.1 billion) to develop high-speed rail projects ...
WASHINGTON - THE US government on Thursday pumped in an additional US$2.4 billion (S$3.1 billion) to develop high-speed rail projects as it moves toward building the nation's first nationwide next-generation programme.
President Barack Obama's administration announced that 54 high-speed rail projects in 23 states will share in US$2.4 billion to continue developing the intercity passenger rail service.
The Department of Transportation received 132 applications from 32 states in the second round of awards, for a total of US$8.8 billion, more than three times the funding available.
'Demand for high-speed rail dollars is intense and it demonstrates just how important this historic initiative is,' Transportation Secretary Ray LaHood said in a statement.
During the first round of awards a year ago, project proposals exceeded US$55 billion for the initial US$8 billion provided by the American Recovery and Reinvestment Act, aimed at boosting recovery from the worst recession in decades.
'States understand that high-speed rail represents a unique opportunity to create jobs, revitalise our manufacturing base, spur economic development and provide people with an environmentally friendly transportation option,' Mr LaHood said.
Extra $3.1b for US' new rail