U.S. Transportation Secretary Ray LaHood today announced that he is making available approximately $2.4 billion, through a competitive process, to states eager to develop high-speed rail corridors across the United States.
“The Obama Administration’s bold high-speed rail plan will create jobs, reinvigorate our manufacturing sector and spur economic development for years to come,” said U.S. Transportation Secretary Ray LaHood. “States across the country have been banging down our door for the opportunity to receive additional high-speed rail dollars and to deliver all of its economic benefits to their citizens.”
President Obama’s vision is to connect 80 percent of Americans to high-speed rail within the next 25 years. To put America on track towards that goal, the Obama Administration has proposed a six-year, $53 billion plan that will provide rail access to new communities; improve the reliability, speed and frequency of existing lines; and, where it makes economic sense, build new corridors where trains will travel at speeds of up to 250 miles per hour.
The Obama Administration’s investments in high-speed rail are also projected to create hundreds of thousands of good-paying jobs in the United States. Jobs will be created both directly on manufacturing, construction and operation of rail lines, and indirectly, as the result of economic developments along rail corridors. A report by the U.S. Conference of Mayors, projected that high-speed rail would create tens of thousands of jobs in cities and along rail corridors across the United States.
A one-hundred percent ‘Buy America’ requirement for high-speed rail projects also ensures that U.S. manufacturers and workers will receive the maximum economic benefits from this federal investment. And, in 2009, Secretary LaHood secured a commitment from 30 foreign and domestic rail manufacturers to employ American workers and locate or expand their base of operations in the U.S. if they are selected for high-speed-rail contracts.
A merit-driven process will be used to award the newly available high-speed rail dollars to projects that can deliver public and economic benefits quickly.
A project’s ability to reduce energy consumption, improve the efficiency of a region’s overall transportation network, and generate sustained economic activity along the corridor are among the selection criteria. Applications for the additional high-speed rail money will be due on April 4, 2011.