Roads, bridges, high-speed rail top Obama’s transportation agenda
In his State of the Union address yesterday (January 25), President Barack Obama said he will intensify efforts to repair the nation’s roads, bridges and mass transit systems, calling the work necessary to create jobs and compete with nations that have made those investments.
President Obama said he will look to attract more private capital for big projects.
“We will put more Americans to work repairing crumbling roads and bridges,” Obama said. “We will make sure this is fully paid for, attract private investment and pick projects based on what’s best for the economy, not politicians.”
He also called for more investment in high-speed rail.
“Within 25 years, our goal is to give 80 percent of Americans access to high-speed rail. This could allow you go places in half the time it takes to travel by car,” Obama said in the speech. “For some trips, it will be faster than flying - without the pat-down. As we speak, routes in California and the Midwest are already under way.”
The full story is on the Bloomberg website.
Wednesday, January 26, 2011
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