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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

   
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.
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