Tag Archive: National Defense

Jun 24 2013

Sunday Train: Steel Interstates and Using the Defense Budget to Improve National Security

This is the year that the funding authorization for the Federal Rail Authority expires, and the Obama administration is answering with a bold new plan to invest in this critical piece of any long term sustainable transport system, as described earlier this month at the Transport Polititic:

Total funding for rail activity, both for operating funds and capital projects, would increase from about $1.8 billion in 2013 to more than $6.5 billion in fiscal year 2014. Over the course of five years, about $40 billion would be devoted to rail improvement across the country, a massive expansion paid for with funds “saved” from ending military operations overseas. This would be headlined by a $5 billion “jump-start” stimulus for rail, part of a $50 billion infrastructure package the Administration is hoping Congress will pay attention to.