Federal Budget: High-Speed Rail to Receive $5B

WASHINGTON — High-speed trains stand to receive $5 billion under President Obama’s spending plan.

This commitment will be essential as we develop surface transportation authorization legislation this year,” said James Oberstar, D-Minn. “This new authorization will require significant investments to help reduce congestion, eliminate freight chokepoints, mitigate the impacts of our surface transportation system on the environment, reduce roadway fatalities, enhance our mobility and safety through innovation and technology, and provide modal choice for all users.

I applaud the administration’s willingness to work with Congress to transform surface transportation programs to emphasize performance measurement, and put these programs on a sustainable financing path,” Oberstar added. “In addition, I commend the administration’s support for high-speed rail, and welcome its proposal to provide $1 billion per year for high-speed rail grants to States.”