Florida is on track to receive an additional award of $800 million for its high-speed rail line slated to run from Tampa to Orlando. This additional amount comes on top of $1.25 billion announced earlier this year by President Obama.
These new monies mean that Florida only needs approximately $300 million more from the federal government in addition to the state’s contribution to complete the $2.6 billion project.
The announcement came today from Transportation Secretary Ray LaHood during a phone call with U.S. Senator Bill Nelson.
“This is fantastic news for Florida,” said Sen. Nelson. “This will ensure the state remains full speed ahead with high-speed rail construction. As I’ve said many times, high-speed rail will be a game changer for Florida’s economy, along the likes of the Interstate system and Disney.”
DOT also notified Congress Monday of its intent to award an $8 million planning grant for the proposed high-speed rail line between Orlando and Miami.
