#1 First Major Infrastructure Bill Proposed: Railway!
Posted: Tue Nov 25, 2008 2:06 pm
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[quote]Kerry and Specter push for more high-speed rail
There's been a lot of talk in Washington and the media lately that one way for the federal government to give the economy a boost would be to start making massive investments in the nation's infrastructure. Such spending would both create jobs in the short term and give the U.S. the kind of infrastructure to build its economy around in the future.
In that vein, Sen. John Kerry (D-Mass.) and Sen. Arlen Specter (R-Pa.) introduced a bill on Wednesday that would allow bonds to be issued to raise more than $23 billion for high-speed rail projects around the country. Some of that money -- it's not clear exactly how much -- could be used on the proposal to build a high-speed rail line in California. Here's a link to a story about the bill in the Boston Globe.
That is interesting, of course, since voters here earlier this month approved Proposition 1A, which allows the state to issue $9.95 billion in bonds to plan and construct a high-speed rail line. It's not nearly enough to finish the proposed line from Anaheim to San Francisco -- the California High Speed Rail Authority said recently the cost will be $33 billion; critics say it will be much more.
Still, the federal bill is worth watching. If it passes, it would arguably be a boost for passenger rail along some Amtrak corridors after decades of the nation making heavy investments in the nation's airports and highways.
The press release from Kerry's office is after the jump.
--Steve Hymon
The press release on the Kerry-Specter high-speed rail bill:
Kerry-Specter Bill Would Create Jobs, Stimulus, Infrastructure Investment
Mayor Michael Bloomberg, Governor Ed Rendell Applaud National High-Speed Rail Initiative
WASHINGTON, D.C. – Today, Sens. John Kerry (D-Mass.) and Arlen Specter (R-Pa.) introduced a bill to create new jobs by updating the nation’s crumbling infrastructure. The High-Speed Rail for America Act of 2008 would transform America’s outdated and underfunded passenger rail system into a world class system.
“At a time when our economy desperately needs a jumpstart, we need an effective national investment that puts Americans back to work,â€
[quote]Kerry and Specter push for more high-speed rail
There's been a lot of talk in Washington and the media lately that one way for the federal government to give the economy a boost would be to start making massive investments in the nation's infrastructure. Such spending would both create jobs in the short term and give the U.S. the kind of infrastructure to build its economy around in the future.
In that vein, Sen. John Kerry (D-Mass.) and Sen. Arlen Specter (R-Pa.) introduced a bill on Wednesday that would allow bonds to be issued to raise more than $23 billion for high-speed rail projects around the country. Some of that money -- it's not clear exactly how much -- could be used on the proposal to build a high-speed rail line in California. Here's a link to a story about the bill in the Boston Globe.
That is interesting, of course, since voters here earlier this month approved Proposition 1A, which allows the state to issue $9.95 billion in bonds to plan and construct a high-speed rail line. It's not nearly enough to finish the proposed line from Anaheim to San Francisco -- the California High Speed Rail Authority said recently the cost will be $33 billion; critics say it will be much more.
Still, the federal bill is worth watching. If it passes, it would arguably be a boost for passenger rail along some Amtrak corridors after decades of the nation making heavy investments in the nation's airports and highways.
The press release from Kerry's office is after the jump.
--Steve Hymon
The press release on the Kerry-Specter high-speed rail bill:
Kerry-Specter Bill Would Create Jobs, Stimulus, Infrastructure Investment
Mayor Michael Bloomberg, Governor Ed Rendell Applaud National High-Speed Rail Initiative
WASHINGTON, D.C. – Today, Sens. John Kerry (D-Mass.) and Arlen Specter (R-Pa.) introduced a bill to create new jobs by updating the nation’s crumbling infrastructure. The High-Speed Rail for America Act of 2008 would transform America’s outdated and underfunded passenger rail system into a world class system.
“At a time when our economy desperately needs a jumpstart, we need an effective national investment that puts Americans back to work,â€