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Billions in federal rail loans left on the table, GAO says

(Source: The Bond Buyer, August 1, 2016)

DALLAS — Sponsors of passenger and high-speed rail projects are leaving billions of funding dollars on the table by not taking advantage of a federal rail program that has made only $2.7 billion of low-interest loans from a $35 billion authorization, the Government Accountability Office said in a report to Congress.

Full story: The Bond Buyer

Tuesday, August 2, 2016

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