$8 billion boost for high-speed passenger-rail services
The Federal Railroad Administration will hand out $8 billion in stimulus spending to state applicants to spur the development of high-speed passenger services. The money will probably start to flow in January, a few months later than originally planned. "This is a transformational time for passenger rail," said FRA Administrator Joseph Szabo. "We're taking a few more months to make sure the $8 billion is clearly invested in the right places."
Wall Street Journal, The
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This story published in AGC SmartBrief on 11/03/2009
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