Didn't he mention this being paid for by the 'recovery package'?
I guess you didn`t listen to the whole speech. Public-Private endeavor.
FOCUS ON STATES, OBSTACLES
The administration's effort focuses on federal and state dollars but private investment could play a key role in accelerating projects, government and rail proponents say.Obama envisions a network of short and longer-haul corridors of up to 600 miles plied by trains traveling up to 150 miles per hour. Acela service operated by Amtrak only reaches 150 mph over a short stretch in New England.
Freight railroads, which own much of the rail infrastructure outside the Northeast, would also play a key role in facilitating high-speed. The biggest freight lines include CSX Corp, Union Pacific Corp, Burlington Northern Santa Fe Corp, and Norfolk Southern Corp.
Other companies that could factor in new U.S. rail investment include steelmakers and construction firms as well as locomotive manufacturer and equipment supplier GE Transportation, a unit of General Electric Co; Canadian locomotive and train car manufacturer, Bombardier, and brake systems maker, Wabtec.