Obama to Give 13 Areas $8 Billion for High-Speed Rail

Posted on: January 27, 2010
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Jan. 27 (Bloomberg) — President Barack Obama will give $8 billion in economic stimulus money to 13 U.S. rail corridors tomorrow, mostly for high-speed passenger service, an administration official said.

Obama will announce the funds, the biggest single U.S. investment in high-speed rail, in Tampa, Florida, according to the official, who declined to be identified in advance of the event.

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