President Obama Outlines Vision and Plan for US High-Speed Passenger Rail System; $13B to Start
Green Car Congress
APRIL 16, 2009
The plan identifies $8 billion provided in the American Recovery and Reinvestment Act ARRA and $1 billion a year for five years requested in the federal budget as the components of an initial %13 billion investment. By late summer, the Federal Railroad Administration will begin awarding the first round of grants. Additional funding for long-term planning and development is expected from legislation authorizing federal surface transportation programs.