WASHINGTON, March 22 (UPI) — The U.S. Department of Transportation Tuesday made available $461 million for North Carolina to begin work on high-speed-rail projects.
“President Obama’s historic vision for a national high-speed rail system will link 80 percent of Americans in the next 25 years and lay the foundation for an economy that moves people, goods and information more quickly, safely and reliably than anywhere else in the world,” U.S. Transportation Secretary Ray LaHood said in a statement.
“Today, we have made significant progress towards that goal with the signing of a cooperative agreement between USDOT and North Carolina DOT that makes $461 million available for the State of North Carolina to begin work on projects that will reduce travel times and increase reliability for rail passengers, create jobs, and spur economic growth.”
The federal funds also will help the state buy and restore equipment to provide a third daily round trip between Charlotte and Raleigh and station upgrades in Cary, Burlington and High Point, the department said.
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