Passenger Rail: playing catch-up

The recent passenger rail stimulus program has prompted substantial state funding requests with California alone submitting 42 applications for works totaling $1.1 billion. The Federal Railroad Administration grants are expected to be awarded some time between the end of September to early October. Mr. Joseph Szabo, FRA administrator, was quoted as saying, "The states are all enthusiastic and feeling very competitive about the grants," Mr. Szabo said. "People need to understand this isn't about winners and losers...this is simply the beginning."

Read the full Wall Street Journal article here. Also check out the CBS news story asking the question if America can even catch-up to Europe and Asia who already have advanced high-speed rail systems.

-Jonathan