Public Demand for High-Speed Rail Continues to Exceed Available Dollars in Latest Round of Awards
Posted by scapozzola on 10/28/2010
U.S. Transportation Secretary Ray LaHood today announced that 54 high-speed rail projects in 23 states will share in $2.4 billion to continue developing America’s first nationwide program of high-speed intercity passenger rail service.
The Department's Federal Railroad Administration received 132 applications from 32 states totaling $8.8 billion, more than three times the $2.4 billion available. During the first round of awards in the fall of 2009, applicants submitted more than $55 billion in project proposals for the initial $8 billion from the American Recovery and Reinvestment Act.
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