High Speed Rail
Earlier this year, Congress passed the American Recovery and Reinvestment Act (ARRA) in effort to move our nation toward economic recovery. ARRA provided $9.3 billion for high speed and intercity passenger rail which included $1.3 billion for Amtrak and $8 billion for the development of high speed rail. Additional funds have been approved by Congress in their version of FY 2010 DOT Appropriations with $2.5 billion designated for high speed rail and $1.56 billion for Amtrak. Finally, the House T & I Committee released its version of a Surface Transportation Bill which would provide $50 billion over six years for high speed rail corridors and the President has announced that he would also like to see $1 billion a year over five years in the federal budget for high speed rail. This massive infusion of capital money for high speed rail provides the potential for revitalizing the U.S. manufacturing sector if it is done in the correct way.
On January 28, 2010, President Obama announced the states that will receive the $8 billion in USDOT grants from ARRA funds in order to develop America's first nationwide program of high-speed intercity passenger rail service. The awards will serve as a down-payment on developing or laying the groundwork for 13 new, large-scale high-speed rail corridors across the country. The major corridors are part of a total of 31 states receiving investments, including smaller projects and planning work that will help lay the groundwork for future high-speed intercity rail service.
FY 2010 DOT Appropriations
Congress approved the following levels for these DOT programs in FY 2010:
RSI POSITION: RSI supports full funding for Amtrak and High Speed Rail