Apr 16, 2009 | 10
President Obama outlined his vision today for high-speed rail service in the U.S, identifying 10 corridors in heavily populated regions around the country – from the Pacific northwest to the gulf states – for the laying of hundreds of miles of new tracks.
The stimulus bill that passed in February set aside $8 billion for the initiative. The Federal Railroad Administration will begin awarding grants late this summer after a competitive bidding process amongst rail companies.
Proponents of high-speed rail say the system will ease traffic congestion by lessening vehicular and plane travel, cut pollution by reducing dependence on fossil fuels and also create jobs in a down economy. “My high-speed rail proposal will lead to innovations that change the way we travel in America,” President Obama said today. “High-speed rail is long overdue.”
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