High-speed rail development is set to receive $5 billion over the next five years, on top of the $8 billion already approved in the stimulus package, according to the 2010 budget just released by President Barack Obama. The funding would go to the state grant program.
“This investment will lead to the creation of several high-speed rail corridors across the country linking regional population centers,” according to a White House statement, and “will provide Americans a 21st Century transportation system.”
The proposed Transportation Department budget including high-speed rail for fiscal year 2010 is $72.5 billion, a $2 billion increase over the amount proposed for the agency this year.
Click here to read the Transportation Department section of the 2010 budget.
Posted February 27, 2009