Amtrak seeking Florida's rail funds
(The following appeared on the Wall Street Journal website on April 28, 2011.)
NEW YORK — Amtrak, previously blocked from receiving federal money for high-speed rail, is now in the running for a big chunk of the $2 billion in funds freed up by Florida's decision to cancel a fast-train project earlier this year.
The federally subsidized railroad, formally the National Railroad Passenger Corp., is lobbying for $1.3 billion in federal money to upgrade service on its Northeast Corridor between Boston and Washington so that trains could eventually reach 160 miles an hour. Amtrak's fastest Acela trains now average 85 miles an hour between New York and Washington.
Amtrak also is competing with several states, including California and Illinois, for the remaining $2 billion of uncommitted funds in the Obama administration's high-speed rail program.
The first $8 billion has already been allocated to various projects around the country.
Full story: www.wsj.com.
Thursday, April 28, 2011
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