
WASHINGTON, Feb. 13 (UPI) -- U.S. Transportation Secretary Ray LaHood called President Barack Obama's $74 billion budget allocation for the department an asset to economic growth.
"A strong American economy depends on the roadways, runways and railways that move people and goods from coast to coast and around the globe," LaHood said in a statement. "President Obama's plan will enable us to build the American infrastructure we need for tomorrow while putting people back to work today."
The budget for fiscal year 2013 includes getting started on some long-term projects. The cornerstone to the fiscal year 2013 budget for transportation is a six-year, $476 billion commitment to overhauling rail lines "to ensure these systems are safe and give travelers new options by enhancing passenger rail service," the department said in a release.
However, it has been more than two years since the department's budget expired. The department has been running on short-term approval from Congress, including eight separate extensions of the previous budget.
The new budget includes a six-year $305 billion commitment to repairing bridges, a 34 percent increase over the previous budget.
The budget proposal also allocates $2.5 billion in the first year of a six-year plan of $47 billion in railroad investments for high-speed intercity passenger lines.
The idea is to reach Obama's goal of providing 80 percent of Americans access to high-speed rail within 25 years, the department said.
|
|
|
|
|
|
| Additional Business News Stories | |
JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
|
LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption