Department Of Transportation News 8 Billion In High Speed Rail And More Dot Funding
Media Platforms Design TeamLast winter, Congress set aside $8 billion for high-speed rail as part of the $787 billion stimulus bill, but the money hasn’t been spent yet–or even allocated. Speaking at a breakfast meeting for magazine editors today at the Hearst Tower in midtown Manhattan, U.S. transportation secretary Ray LaHood said that recipients of the funds will be announced in January. “People want this,” LaHood said. “They come back from Europe or Asia, and people scratch their heads and say, why don’t we have high-speed trains here?...