DALLAS — The $8 billion in federal stimulus funds earmarked for high-speed rail development in the United States is the first installment of a program that could reshape the nation’s transportation options as significantly as has the interstate highway system.

Mike Marler, freight rail practice leader with Jacobs North American Infrastructure, on Thursday told participants at The Bond Buyer’s 10th annual Transportation Finance/P3 Conference in Dallas that the high-speed rail program will promote economic expansion, reduce oil dependency, and foster more livable communities.

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.