WASHINGTON - At least 11 states have submitted requests for the first portion of $8 billion of federal high-speed rail stimulus funds. California, Florida, Michigan, New York, and Texas alone requested more than $4.5 billion for planning, engineering, and early construction of high-speed rail projects.

The Federal Railroad Administration expects to announce the winners in late September or early October. The agency received applications for the first batch of funds on Aug. 24. The second batch of applications, for larger corridor projects, is due Oct. 2.

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.