Submitted by David Kuan04.20.2009
US President Barack Obama Thursday called for a US high speed rail service to rival the express trains of France, Japan, Spain and China, highlighting a 13 billion dollar government funding boost. He is billing it as an environmentally friendly effort which will not only ease transit gridlock but create jobs amid the worst economic slump in decades.
Among the new corridors are future links between the San Francisco area and Sacramento, Los Angeles and San Diego. A route based in New England would link Boston, Montreal in Canada, Portland, Springfield, New Haven and Albany, while the plan forsees a new rail hub network in Chicago linking midwest cities including Milwaukee, St. Louis, Kansas City Detroit and Indianapolis.
The US government expects to start making grants under the plan to the states later this year.
PREDICTION: US government will formally announce grants by end of September 2009.
Suggested Odds50.00%
Prediction Close Date:09.30.2009 (EST)
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