Gov. Jennifer Granholm announced Monday that Michigan has applied for $830 million in federal stimulus funds as the first step in setting up high-speed rail across the state.

The money is part of $8 billion set aside for high-speed rail. Michigan’s request is part of the eight-state Midwestern plan to create a high-speed network with a hub in Chicago.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.