Rail

Obama proposes spending $53B on high-speed rail

Posted on February 8, 2011

WASHINGTON, D.C. — As part of his initiative to use infrastructure spending to jump-start job creation and increase America’s competitiveness, President Barack Obama is calling for a six-year, $53 billion spending plan for high-speed rail, the Associated Press reports.

An initial $8 billion in spending will be part of the budget plan Obama is set to release Feb. 14. If Congress approves the plan, the money would go toward developing or upgrading trains that travel up to 250 miles per hour, and connecting existing rail lines to new projects. For the full story, click here.

House Transportation Committee Chairman John L. Mica (R-FL) and Railroads Subcommittee Chairman Bill Shuster (R-PA) expressed extreme reservations regarding the Obama Administration's plan.

"With the first $10.5 billion in Administration rail grants, we found that 1) the Federal Railroad Administration is neither a capable grant agency, nor should it be involved in the selection of projects, 2) what the Administration touted as high-speed rail ended up as embarrassing snail-speed trains to nowhere, and 3) Amtrak hijacked 76 of the 78 projects, most of them costly and some already rejected by state agencies," said Mica. "Rather than focusing on the Northeast Corridor, the most congested corridor in the nation and the only corridor owned by the federal government, the Administration continues to squander limited taxpayer dollars on marginal projects."

Chairman Shuster added: "The Administration continues to fail in attracting private investment, capital and the experience to properly develop and cost-effectively operate true high-speed rail. They have also ignored my provision in law that calls for competition on money-losing Amtrak routes. The Committee plans to investigate how previous funding decisions were made. I have no problem with sound investments in alternative transportation projects, but selecting routes behind closed doors runs counter to the Administration's pledges of transparency. I am concerned that without appropriate controls to ensure the most worthy projects are the ones that receive funding, high-speed rail funding could become another political grab bag for the President."

View comments or post a comment on this story. (0 Comments)

More News

Alstom acquires 100% of Signaling Solutions Ltd.

The company was began as a 50-50 joint-venture between Alstom and Balfour Beatty in 2007 to provide advanced signaling solutions to the U.K. and Ireland’s rail sectors.

Md. MTA set to raise all rail fares

The fare increase is mandated by a state law that requires the MTA to adjust transit fares every five years. New fares also will apply to the transit agency’s local bus, commuter bus and paratransit services in the greater Baltimore area.

Report examines how to manage pedestrian traffic in crowded subway systems

Suggestions include encouraging coordination and knowledge sharing among various specialists responsible for aspects of the passenger experience, including construction and emergency evacuations and routinely assessing assumptions used to estimate pedestrian volumes and pedestrian characteristics.

N.Y. subway train suspension caused by massive theft of copper cable

At least 500 feet of the valuable cable was discovered stolen from roughly 12 locations along the A train tracks near Howard Beach, and some signal equipment and track components were damaged as well by electrical current that could not flow through the cable.

Quicken Loans buys M-1 Rail naming rights

Detroit-based Quicken is owned by Dan Gilbert, who has been the $137 million streetcar project's co-chairman (with Roger Penske) nearly since its 2008 inception.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close