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Obama Announces New Transit Funding

HeadlineApr 17, 2009

Back in the United States, President Obama has announced a $13 billion plan to invest in a national mass transit rail system. Obama unveiled the proposal shortly before leaving for Mexico.

President Obama: “There’s no reason why we can’t do this. This is America. There is no reason why the future of travel should lie somewhere else beyond our borders. Building a new system of high-speed rail in America will be faster, cheaper and easier than building more freeways or adding to an already overburdened aviation system. And everybody stands to benefit.”

Eight billion dollars will come out of the federal stimulus package, while Obama says he will request another $5 billion over five years.

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