- July 16, 2021
- Posted by: Stratford Team
- Category: Business
A coalition of businesses and labor groups is calling on Congress to include hundreds of billions of dollars of funding for high-speed rail in the forthcoming infrastructure bills.
The alliance, dubbed the U.S. High Speed Rail Coalition, is asking Congress to allocate $205 billion toward high-speed rail, in addition to robust labor standards, a High-Speed Rail Development Authority and a Rail Trust Fund.
The campaign for high-speed rail received a last-minute push from lawmakers and lobbyists last month, after the House Transportation and Infrastructure Committee advanced a $547 billion infrastructure bill that would provide $25 billion for high-speed rail projects.
The Senate Commerce, Science and Transportation Committee introduced an accompanying bill days later that would allocate funding for similar projects.
The House bill, however, does not allow private rail firms to receive federal funding, which has given rise to a lobbying campaign by…