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Aug
12
2009
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Spending on U.S. rail seen stuck at the station |
By Ian Sherr
CHICAGO (Reuters) – ANALYSIS – Major U.S. freight railroads and their advocates have argued for years that government investment is needed in the country’s rail system to take freight off congested highways and keep the economy moving.
But supporters say rail investments have been largely ignored by Congress, suggesting political support is lacking, despite warnings action must be taken sooner rather than later.
“We’re in a growing crisis in terms of investment,” Republican Congressman Tom Petri of Wisconsin, who is a member of the House Transportation and Infrastructure Committee, said in an interview. “Any serious country needs to take a long-term perspective and make reasoned investments in its future.”
But many rail analysts are skeptical government will act.
Filed under: print
Tagged: analysis, economy, politics, transportation

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