Close to US $80 million distributed to states to fund high-speed rail projects

Friday, 28 May 2010 01:27:28 (GMT+3)   |  
       

The US Department of Transportation (DOT) Thursday announced that nearly $80 million in grants have been delivered to states as part of President Obama's high-speed and intercity passenger rail program.  The grants have been earmarked for the development of a brand new Recovery Act funded high-speed rail system in Florida as well as for critical upgrades to existing passenger rail service throughout the country.

"Delivering these funds is an important step forward in our efforts to upgrade and transform America's transportation system, while spurring economic activity and creating jobs here at home," said Vice President Joe Biden. "Our unprecedented investment in high-speed and intercity passenger rail is not only going to provide real environmental benefits and greater convenience for travelers, but also long-term economic development for communities across the country."

The $80 million in funding will benefit projects in many regions of the country, including:

•·          $66,600,000 for program management and preliminary engineering on the planned rail service between Tampa and Orlando, Florida.  The plans include construction of 84 miles of track, for stations to be built and enhanced, and for equipment to be purchased.

•·          $6,200,000 for track relocation work in California on the Capitol Corridor which connects San Francisco and Sacramento, the state capital.

•·          $5,700,000 for environmental assessments of planned new stations on the route between Milwaukee and Madison, Wisconsin.

•·          $1,000,000 for planning projects to improve 468-mile Empire Corridor in New York state. 

•·          $100,000 for the creation of the first-ever rail plan for the state of New Mexico. 

The majority of the President's Recovery Act passenger rail funding will go toward developing new, large-scale high-speed rail programs.

The Administration is also proposing a minimum $1 billion a year for five years in the federal budget to jump-start this multi-decade effort.  Congress funded this program above and beyond the President's initial request and allocated $2.5 billion for Fiscal Year 2010.


Similar articles

Turkey-based IDC reports lower net profit and revenues for 2023

07 May | Steel News

Ex-Europe scrap prices in Turkey remain firm, market still mostly silent

18 Apr | Scrap & Raw Materials

Iran’s steel exports up 6.6 percent in last Iranian year

08 Apr | Steel News

Turkish official merchant bar export prices move sideways

29 Mar | Longs and Billet

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

Iran’s steel exports up 7.6 percent in first 11 months of Iranian year

20 Mar | Steel News

Ex-Turkey official merchant bar prices soften

01 Mar | Longs and Billet

Ex-China billet most competitive in SE Asian billet market amid lower futures prices

22 Feb | Longs and Billet

Italy’s Feralpi Group to meet construction sector’s carbon-reduced rebar demand

20 Feb | Steel News

Local Indian rebar trade prices improve slightly, but fundamentals still negative

20 Feb | Longs and Billet