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Wednesday, October 14, 2009

Deluge of high-speed rail grant requests push awards back

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The Transportation Department had hoped to award some of the $8 billion in grants for high-speed rail investment from February's $787 billion economic stimulus package this month, but officials have pushed the timetable back until winter due to the flood of applications.

So far, 24 states have submitted 45 applications totaling close to $50 billion. Nationally, there are 10 corridors of at least 100 miles where infrastructure is being built to allow trains to surpass 110 mph. In addition, The Transportation Department also received applications from states to develop high-speed rail projects individually.

No future date has been announced for when the grants will be given.