Obama’s Money Trains
span style=”font-size:85%;”(Journal of Commerce Online – John D. Boyd)/spanbr /br /strongMore than half of high-speed rail grants will go into freight corridors to build up inter-city passenger service/strongbr /br / It took nearly a year and a stubbornly high unemployment rate before the Obama administration recast its long-awaited $8 billion in rail system grants as part of a jobs strategy.br /br /But when the White House unveiled its list of winners for high-speed rail funding, to boost passenger train service between cities, it quickly became clear large parts of it would go into the freight rail corridors that also carry Amtrak trains.br /br /For instance, of the 13 funding corridors that traverse parts of 31 states, just two would be true high-speed passenger lanes with “bullet trains” that would need their own walled-off tracks away from freight operations. Read more a href=”http://www.joc.com/node/416496″here/a.
Date: February 8, 2010
