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States Vying for First ARRA Rail Grants
Publication Date: 02-SEP-09
Author: Tom Ichniowski, Aileen Cho and J.T. Long Format: HTML
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Description: Applications are in for the first batch of federal high-speed-rail grants financed largely by $8 billion in American Recovery and Reinvestment Act funds. An unofficial round-one tally shows states are seeking about $6.6 billion. That is far below the $102.5 billion in “pre-applications” states filed in July, but it reflects the first round’s emphasis on individual projects that are ready to start. Moreover, with the construction industry struggling, the new applications represent a substantial amount of potential infrastructure work, including bright possibilities for engineering firms. The dollars are expected to be even larger in the next round of applications, which will cover high-speed corridor plans.
Generic Keywords: (What are these?)
Construction Industry, News Articles, Business Conditions & Analysis, Markets, Finance, Costs, Legislation, Government, Management, Labor, Construction Methods, Equipment & Materials, Engineering News-Record (ENR)
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