U.S. Transportation Secretary Announces Initial $20.3 Million For North Carolina High-Speed Rail
Amount Represents First Installment on $545 Million from Recovery Act
In January, President Obama announced that North Carolina was awarded $545 million in American Recovery and Reinvestment Act (ARRA) funds to continue its development of high-speed intercity rail. Today, Transportation Secretary Ray LaHood announced that the U.S. Department of Transportation and the State of North Carolina have finalized a grant agreement for $20.3 million, the first installment of the $545 million awarded to the state.