A $10.7 billion proposal to bring high-speed rail to New York could use a mix of federal stimulus money, state and federal grants, public-private partnerships, and bonding, according to a plan released yesterday.

The 2009 New York State Rail Plan is intended to reduce congestion on highways and airports by increasing and expanding passenger train travel and increasing rail freight usage by 25% over the next 20 years.

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.