From UTU News, April 11, 2013
The Obama Administration yesterday released its budget request for fiscal year 2014 and the President has once again put forth a plan for transforming and expanding train service in the United States.
The president is requesting $40 billion in passenger rail investment over the next five years, allocating $6.6 billion to the Federal Rail Administration for fiscal 2014, with increasing amounts each subsequent year through 2019.
“A well-functioning transportation system is critical to America’s economic future. Whether it is by road, transit, air, rail, pipeline, or waterway, Americans rely on our transportation system to move people and goods safely, facilitate commerce, attract and retain businesses, and support jobs,” the administration said in the budget request.
The request for $40 billion over five will fund the development of high-speed rail and other passenger rail programs as part of an integrated national transportation strategy. [Read more…]