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Nearly EUR 6 Billion for railway development in the US

02-02-2010 14:04

US President Barack Obama announced last week that the US government will allocate USD 8 Billion (EUR 5.74 Billion) for railway development projects in 31 states.
Underlining the fact that these projects will help create better transport links,a s well as jobs, the president said: “There is no reason why Europe and China should have the fastest trains when we can build them right here in America”. 
A large part of the investments will be used for the main corridors, over one quarter of the funds being allocated to California.
USD 2.25 Billion (EUR 1.61 Billion) will be allocated for the development of a 640 km rail link between Los Angeles and San Francisco, which is designed for a speed of up to 350 km/h.
Florida will receive USD 1.25 Billion (EUR 897 Million) for the development of a 135 km rail link between  Tampa, Orlando and Miami, designed for a speed of up to 270 km/h.
Illinois will receive USD 1.1 Billion (EUR 789 Million) for the development of a network between Chicago, Detroit and St. Louis.
General Electric, Bombardier, Alstom, Siemens, Lockheed Martin Corp., Hyundai Rotem, Hyundai Motor and Nippon Sharyo are some of the companies that will benefit from these railway projects.

Source: www.reuters.com

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In the beginning of the '90s, the European railway industry with support from the EU institutions engaged in creating a common railway signalling system. Over time, ETMS emerged as one of the most successful European industrial projects and is now on its way to making railway transport one of the most competitive transport modes.

Although railway transport is, by far, the safest, fastest and lowest CO2-emission mode of transport, it is, however, confronted with one of the most striving problems, that of cross-border traffic which is complex and difficult to manage and most of the times affects the competitiveness of this means of transport. Cross-border traffic is doubled by the differences of gauge, electrification systems, administrative procedures, that make interoperability difficult and increase operation costs.

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