U.S. Commits $13 Billion to Aid High-Speed Rail »
Posted By engineer 8 months, 3 weeks ago in NewsPresident Barack Obama on Thursday called for spending at least $13 billion to launch a "new era" of high-speed passenger rail transportation, sparking competition among states and providing a potentially rich new market for rail equipment makers.
Besides allocating $8 billion in stimulus funds for high-speed rail, Mr. Obama said he would seek to budget $5 billion more over the next five years.
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