January 28, 2010
CNN News
The Obama administration initially released an outline for a national high-speed rail network last April.
The Obama administration initially released an outline for a national high-speed rail network last April. Washington (CNN) -- President Obama announced Thursday that the federal government will spend $8 billion developing a nationwide high-speed train system -- an investment the White House says is needed to help spur long-term economic growth.
The investment, to be made through a series of state grants, will be funded through the government's $862 billion economic stimulus package.
Overall, projects and planning involving the rail corridors will take place in 31 states, according to a White House statement.
The program "will help accelerate job growth in an economy that is already beginning to grow," Obama said at a town hall at the University of Tampa in Florida.
More than 30 rail manufacturers have agreed to establish or expand U.S. operations if they are hired to work on the high-speed rail network, the administration said.
The president first mentioned the program in his State of the Union speech Wednesday night. The administration initially released an outline for a national high-speed rail network last April.
Each of the corridors identified by the administration last year are between 100 and 600 miles long.
Each of the corridors identified by the administration last year are between 100 and 600 miles long.
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