WASHINGTON — The U.S. government will dedicate $53 billion over six years to build new high-speed rail networks and make existing ones faste, Vice President Joe Biden said Tuesday.
The initiative will allow the Department of Transportation to choose corridors for the new projects and increase U.S. use of the passenger rails, the White House said in a statement.
President Barack Obama's budget for fiscal year 2012, which is to be unveiled next week, includes $8 billion for the plan. The rest of the money will be allocated over the six-year time period.
Tuesday, February 08, 2011
I don't know where he thinks he's going to get the money as this boondoggle is DOA when it hits the House.
Posted by traderrob at 7:58 AM