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Rail News: High-Speed Rail
9/12/2011
Rail News: High-Speed Rail
Obama calls for more investment in high-speed rail
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In his Sept. 8 speech before a joint session of Congress, President Barack Obama unveiled a new proposal to create jobs — and cited infrastructure-related job creation as one of his top priorities.
Obama is calling for $50 billion in immediate federal investments for transportation, including $4 billion for high-speed rail corridors. He also proposes $9 billion for public transportation, $2 billion for intercity passenger-rail services and $5 billion for the multimodal Transportation Investment Generating Economic Recovery and Transportation Infrastructure Finance and Innovation Act programs.
The president’s proposal also calls for creating a national infrastructure bank and enhancing infrastructure-related job training opportunities for small businesses.
Obama is calling for $50 billion in immediate federal investments for transportation, including $4 billion for high-speed rail corridors. He also proposes $9 billion for public transportation, $2 billion for intercity passenger-rail services and $5 billion for the multimodal Transportation Investment Generating Economic Recovery and Transportation Infrastructure Finance and Innovation Act programs.
The president’s proposal also calls for creating a national infrastructure bank and enhancing infrastructure-related job training opportunities for small businesses.