High-speed Rail, U.s. High-speed Rail Projects | featured news

The Obama administration is giving Amtrak and rail projects in 15 states the $2 billion that Florida lost after the governor canceled plans for high-speed train service.

Florida's Tea Party-backed Governor Rick Scott on Wednesday said he was rejecting federal funds to construct a high-speed railway project in the state.

The federal government will send $2.4 billion to 54 high-speed rail projects in 23 states, the Transportation Department said on Thursday, following up on announcements made by members of Congress and governors earlier in the week.

China plans to bid for contracts to build U.S. high-speed train lines and is stepping up exports of rail technology to Europe and Latin America, a government official said Saturday.