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U.S. plans to inject $53 billion into passenger rail

David Warner MSNBC 02/08/2011 16:59
U.S. plans to inject $53 billion into passenger rail - Joe Biden - USA - Business - transportation


Vice President Joe Biden on Tuesday announced an ambitious $53 billion U.S. program to build new high-speed rail networks and make existing ones faster over the next six years.



But the plan drew immediate fire from majority Republicans in the House of Representatives, who said building high-speed rail requires private investment rather than a government plan.

Biden, who estimated he has ridden Amtrak trains between Washington and his home in Wilmington, Delaware, some 7,900 times, made a strong pitch for rail transportation to enable the United States to compete and lead internationally.

"This is about seizing the future," he said, making the announcement at Philadelphia's busy 30th Street station with U.S. Transportation Secretary Ray LaHood.

The United States should follow the example of Japan and China and build high-speed rail, Biden said. "If we do not, you tell me how America is going to be able to lead the world in the 21st century," he said.

President Barack Obama's budget for fiscal year 2012, to be unveiled next week, includes $8 billion for the plan. The rest of the money would be allocated over the six-year time period.

Obama has said he wants to target investments in areas such as infrastructure while reducing spending to tackle the budget deficit.



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