Published on June 24th, 2013 | by Guest Contributor2
Sunday Train: Improving national security by putting our steel interstates in the defense budget
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This is the year that the funding authorization for the Federal Rail Authority expires, and the Obama administration is answering with a bold new plan to invest in this critical piece of any long term sustainable transport system, as described earlier this month at the Transport Polititic:
Total funding for rail activity, both for operating funds and capital projects, would increase from about $1.8 billion in 2013 to more than $6.5 billion in fiscal year 2014. Over the course of five years, about $40 billion would be devoted to rail improvement across the country, a massive expansion paid for with funds “saved” from ending military operations overseas. This would be headlined by a $5 billion “jump-start” stimulus for rail, part of a $50 billion infrastructure package the Administration is hoping Congress will pay attention to.
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