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States Clamor For High-Speed Funding

Publication Date: 7/22/2009
Author: Tom Ichniowski, Aileen Cho and J.T. Long
Format: HTML

High-speed rail is red-hot. The U.S. Dept. of Transportation has been flooded with proposals seeking a piece of the $8 billion it received for high-speed rail grants in the American Recovery and Reinvestment Act. However, the potential plans far outstrip DOT’s ARRA rail bank account. DOT’s Federal Rail-road Administration reported on July 16 it had received 278 rail-grant “pre-applications” totaling $102.5 billion. Some applicants may not win grants, but more money may be on the way. A House committee has recommended an additional $4 billion for high-speed rail in regular 2010 appropriations.

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