Friday, January 29, 2010

President Obama Announces $8 Billion for High Speed Rail

The President announced $8 billion in grants for various regional high-speed rail initiatives around the country, under the auspices of the American Reinvestment and Recovery Act.  The White House press release is here.

Tampa, FL – President Barack Obama and Vice President Joe Biden will today announce that the U.S. Department of Transportation (USDOT) is awarding $8 billion to states across the country to develop America’s first nationwide program of high-speed intercity passenger rail service.  Funded by the American Recovery and Reinvestment Act (ARRA), these dollars represent an historic investment in the country’s transportation infrastructure, which will help create jobs and transform travel in America.  The announcement is one of a number of job initiatives the President will lay out in the coming weeks that follow up on the continued commitment to job creation he discussed in last night’s State of the Union Address. 

What's kind of interesting, if you read the press release, is that it focuses on jobs, economic impact, and more jobs . . . much more so in my opinion than did the DOT/Federal Railroad Administration "Vision for High Speed Rail in America" strategy document from last year, which focused more on the inherent urban/land use/environmental benefits of moving America toward high speed rail. 

DOT Secretary Ray LaHood says that President Obama delivers on American High-Speed Rail on his Fast Lane Blog.  You can also check out the ARRA list of to-be-funded HSR projects

Matt Festa

Environmentalism, Federal Government, Financial Crisis, Transportation | Permalink

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