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High-Speed Rail

DOT using innovative financing to move passenger rail forward

In cities and towns across the country, rail investments lead to more jobs, increased private sector buy-in, and better infrastructure for everyone. It’s a true win-win-win situation. And to fully realize the potential for rail in America, we must continue investing federal resources and leveraging them with our public and private sector partners.

That's the essence of what I said at a House Committee on Transportation and Infrastructure hearing on Innovative Rail Financing earlier this week. Funding the passenger rail investments America needs is an important challenge; fortunately DOT has a lot to build on.

Photo of new Amtrak Cities Sprinter locomotive built by Siemens in the U.S.

U.S. Department of Transportation Redirects $1.195 Billion in High-Speed Rail Funds

U.S. Transportation Secretary Ray LaHood today announced that $1.195 billion in high-speed rail funds originally designated for Wisconsin and Ohio will be redirected to other states eager to develop high-speed rail corridors across the United States. Wisconsin has suspended work under its existing high-speed rail agreement and the incoming Governors in Wisconsin and Ohio have both indicated that they will not move forward to use high-speed rail money received under the American Recovery and Reinvestment Act (ARRA).  As a result, $1.195 billion will be redirected to high-speed rail projects already underway in other states.

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