|
|
DOT 104-10 The U.S. Department of Transportation today announced that nearly $80 million in grants have been delivered to states as part of President Obama's historic high-speed and intercity passenger rail program. These grants will go toward the development of a brand new Recovery Act funded high-speed rail system in Florida as well as critical upgrades to existing passenger rail service throughout the country. "Delivering these funds is an important step forward in our efforts to upgrade and transform America's transportation system, while spurring economic activity and creating jobs here at home," said Vice President Joe Biden. "Our unprecedented investment in high-speed and intercity passenger rail is not only going to provide real environmental benefits and greater convenience for travelers, but also long-term economic development for communities across the country." "The President's vision for high-speed rail will forever change the way Americans travel by offering new transportation options," said Transportation Secretary Ray LaHood. "The grants released today are merely the very beginning of many more to follow." The $80 million in funding will benefit projects in many regions of the country, including:
The President's $8 billion down payment for high-speed rail, which was set in motion through a long-term plan announced in April 2009, is expected to create or save tens of thousands of jobs over time in areas like track-laying, manufacturing, planning, engineering, and rail maintenance and operations. The majority of the President's Recovery Act passenger rail funding will go toward developing new, large-scale high-speed rail programs. In addition to the $8 billion in Recovery Act funding, the Administration proposes a minimum $1 billion a year for five years in the federal budget to jump-start this multi-decade effort. Congress funded this program above and beyond the President's initial request and allocated $2.5 billion for Fiscal Year 2010. To learn more about President Obama's Vision for High-Speed Rail in America, please visit: http://www.fra.dot.gov/Pages/31.shtml ###
|