The US government pumped in an additional 2.4 billion dollars to develop high-speed rail projects as it moves toward building the nation's first nationwide next-generation program.
The Obama's administration announced that 54 high-speed rail projects in 23 states will share in 2.4 billion dollars to continue developing the intercity passenger rail service.
"Demand for high-speed rail dollars is intense and it demonstrates just how important this historic initiative is," Transportation Secretary Ray LaHood said in a statement. States understand that high-speed rail represents a unique opportunity to create jobs, revitalize our manufacturing base, spur economic development and provide people with an environmentally friendly transportation option," LaHood said.
More than 30 rail manufacturers and suppliers, both domestic and foreign, have agreed to establish or expand their bases of operations in the United States if they are hired to build the country's next-generation high-speed lines, the department said.
That project requirement marks the Obama administration's commitment to help ensure that new jobs are created in the US, it added.
California snared more than 900 million dollars mainly for construction of high-speed rail lines linking Los Angeles to Sacramento, the state capital.
Read Original Article from "Good News Network":
http://www.google.com/hostednews/afp/article/ALeqM5jhQ-Zi00JlVbdHPeGqOOVec5Xk4g?docId=CNG.157fdb21528f5668b3708d5dd4828a10.651
Additional Story from Porfressive Fix websie:
http://www.progressivefix.com/high-speed-rail-funding-back-on-track
Additional Story from CNN:
http://money.cnn.com/2010/10/28/news/economy/high_speed_rail/
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