http://www.rail.co/2011/09/02/transportation-secretary-announces-50m-rail-investment-for-texas/U.S. Transportation Secretary Ray LaHood has joined with Texas officials and railroad industry leaders to announce nearly $50 million in rail investments to bolster both passenger and freight service through the state, and jumpstart planning for high-speed rail between Houston and Dallas-Fort Worth.
A $34 million TIGER II grant will fund major rail improvements on the Tower 55 project in Fort Worth, TX, and reduce traffic delays by 100,000 hours per year.
The Tower 55 project will alleviate congestion at one of the busiest railroad intersections in the United States, where ten freight and passenger rail routes converge and carry more than 100 trains per day.
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“These projects are part of President Obama’s bold vision for investing in freight and passenger rail projects that will create jobs and grow our economy over the long-term by moving people and goods more quickly and efficiently than ever before,” said Secretary Ray LaHood.