for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Bonds News

US looks to private investment for high-speed rail

WASHINGTON, July 15 (Reuters) - The United States expects significant private investment in high-speed rail development in coming years, but similar participation by private companies may lag for road projects because of the recession, Transportation Secretary Ray LaHood said on Wednesday.

LaHood, speaking to transportation policy experts, said he expected participation from companies with expertise in advanced rail development in Europe and Asia, but he did not name any companies.

President Barack Obama’s administration is expected to announce soon the first stage of its multibillion investment in rail development. (Reporting by John Crawley)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up