Companies Benefiting from Obama's High-Speed Rail | PowerOptions Web Log
High-speed rail development is a growing industry worldwide, and President Barack Obama recently committed $13 billion in seed money to the United States’ foray into this hot market. If the federal government follows through with visionary plans for a cross-country high-speed rail system, U.S. companies that specialize in railway equipment, technology and vehicles could get a boost in business for years to come. The Obama administration is considering 10 corridors, ranging from 100 to 600 miles long, for new high-speed rail lines and upgrades to the popular Amtrak line between Boston and Washington, D.C. Local companies and suppliers will benefit once the corridors are chosen, and several U.S. companies could become large-scale providers of equipment and engineering for government-funded rail projects. Sign up now for PowerOptions 14-day free trial Some officials estimate that building high-speed rail just between San Francisco and Los Angeles, one of the 10 corridors in contention,...
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