BRADENTON, Fla. — Florida last week received $66.6 million out of $80 million in federal grants distributed by the U.S. Department of Transportation for high-speed rail development.

Four other states received grants that represent the first round of payments for the $8 billion that was awarded around the country in January, a DOT spokesman said.

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.