President Obama, Vice President Biden to Announce $8 Billion for High-Speed Rail Projects Across the Country Projects Will Help Create Construction Jobs, Revitalize U.S. Manufacturing Sector Tampa, FL – President Barack Obama and Vice President Joe Biden will today announce that the U.S. Department of Transportation (USDOT) is awarding $8 billion to states across the country to develop America’s first nationwide program of high-speed intercity passenger rail service. Funded by the American Recovery and Reinvestment Act (ARRA), these dollars represent an historic investment in the country’s transportation infrastructure, which will help create jobs and transform travel in America. The announcement is one of a number of job initiatives the President will lay out in the coming weeks that follow up on the continued commitment to job creation he discussed in last night’s State of the Union Address. “Through the Recovery Act, we are making the largest investment in infrastructure since the Interstate Highway System was created, putting Americans to work rebuilding our roads, bridges, and waterways for the future,” said President Obama. ...
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President Barack Obama, along with Vice President Biden and Secretary LaHood, announced a new U.S. push today to transform travel in America, creating high-speed rail lines from city to city, reducing dependence on cars and planes and spurring economic development. The President released a strategic plan outlining his vision for high speed rail in America. The plan identifies $8 billion provided in the ARRA and $1 billion a year for five years requested in the federal budget as a down payment to jump-start a potential world-class passenger rail system and sets the direction of transportation policy for the future. The strategic plan will be followed by detailed guidance for state and local applicants. By late summer, the Federal Railroad Administration will begin awarding the first round of grants.

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