V.P. Biden Announces $53 Billion Commitment to High-Speed Rail

Biden Infrastructure_Finn.jpgToday, Vice President Joe Biden announced the Obama Administration's plan to dedicate $53 billion over the next six years to help promote the construction of a national, high-speed, intercity passenger rail network. Biden, a long-time rail advocate and Amtrak rider, was joined by USDOT Secretary Ray LaHood on Tuesday morning at Philadelphia's 30th Street Station where he outlined the plan.

Details of the proposal, including potential funding sources, are expected to be outlined in the President's budget proposal that is scheduled to be released next week, said White House Press Secretary Robert Gibbs.

Petra Todorovich, Director of America 2050, responded to the Vice President's announcement by issuing the following statement:

"Vice-President Biden's announcement today of a 6-year, $53 billion high-speed intercity passenger rail plan is an enormous step toward giving private investors, the manufacturing industry, and the states the assurances they need to get started on these ambitious high-speed rail projects. It clearly demonstrates the Obama Administration's commitment to putting this program on the fast track to success. I commend the Administration for backing up their bold, new vision of transportation for our country with this plan, and for recognizing that high-speed rail can reduce our dependence on foreign oil, make our cities and regions more competitive, and create short- and long-term jobs."