The federal government has dedicated $8 billion to high speed rail projects. But with $50 billion worth of proposals, the challenge lies in how best to divide the funds.
"It is a tricky endeavor. If Federal Railroad Administration officials pick too many projects, they risk spreading the cash too thin, leaving little tangible evidence to point to when it comes time to ask for the next round of federal investment. Choose only one or two larger projects, and they could alienate needed political allies that hail from states that are overlooked.
Any near-term failures -- either in moving too slowly or picking the wrong projects -- could threaten to derail the larger effort, according to the leader of the FRA's high-speed grant program."
FULL STORY: High-Speed Rail Effort Proceeds With Caution
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