Vice President Biden announced $1.3 billion in grants to Amtrak. This roughly doubles the size of Amtrak's capital investment program over a two-year period. Funds will be used to upgrade railroad assets and infrastructure and for capital projects that expand passenger rail capacity.
In the spirit of the stimulus, these funds will create jobs near recently closed manufacturing facilities in areas that have been hard hit by the economic downturn.
We're putting idle cars back in service. We're rebuilding key elements of the power supply that have been in service since the 1920s. And, we're installing positive-train-control for increased safety.
Read on.
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