Obama announces more funding for rail

BY DI STAFF | FEBRUARY 09, 2011 7:10 AM

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Vice President Joe Biden announced Tuesday a six-year, $53 billion plan by President Obama to build a high-speed rail system across the United States, according to a White House press release.

The release said the six-year plan represents the beginning stage of Obama’s 25-year goal to have 80 percent of the U.S. connected via railway.

Obama plans to commit $8 billion in funding in fiscal 2012 to the railway, according to the release, adding to the $10.5 billion already granted to the project by the administration.

The railway is part of Obama’s goal to rebuild U.S. economic opportunity, jobs, and competitiveness, according to the release.

— by Ariana Witt

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