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February 3, 2010

High-speed rail: Who'll pay the rest?

  • The 13 high-speed rail corridors are estimated to cost at least $60 billion and possibly more than $100 billion over the next decade or two.
    • By MICHAEL TARM
    Associated Press Writer

    CHICAGO — The $8 billion in stimulus cash awarded to 13 high-speed rail corridors across the country may seem like a windfall for advocates, but there's a catch: The money isn't enough to finish any of the major projects.

    State coffers are dry and federal spending is being cut back, so it's unclear who, if anyone, will pay the rest of the multi-billion dollar bill.


     
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