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AHSRA testifies at Transportation & Infrastructure Subcommittee hearing

(The American High speed Rail Alliance issued the following press release on February 17, 2011.)

WASHINGTON, D.C. — On February 17, the American High Speed Rail Alliance (AHSRA) testified at the US House Transportation and Infrastructure Subcommittee on Railroads, Pipelines, and Hazardous Materials hearing per the request of Chairmen Mica (R-FL) and Shuster (R-PA).

The hearing highlighted the US Department of Transportation's Railroad Rehabilitation and Improvement Financing (RRIF) loan program. The RRIF Program provides direct federal loans and loan guarantees to finance development of railroad infrastructure.

Tom Loftus, Chair of AHSRA's Public Private Partnership and Project Financing Council, provided witness testimony on behalf of AHSRA.

Mr. Loftus proposed a number of changes to the RRIF program that the Alliance believes would allow the program to better support the development of high speed rail and help leverage the private financing that is so badly needed if we are to make high speed rail a reality in this country.

More information is available at www.americanhsra.org.

Friday, February 18, 2011

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