(Washington – February 13, 2008) The stimulus bill conference report passed by the U.S. House of Representatives today was praised for investing billions in transit and high speed rail and for the option of spending highway funds for transit and fixing roads and bridges, not just building new roads. The U.S. Senate is expected to pass the conference report as soon as tonight.
The conference report includes the following transportation investments:
• Provides $29 billion that can be used to build and repair roads and bridges, transit, passenger and freight rail, and ports.
• Provides $8.4 billion for investment in transit and $8 billion for investment in high-speed rail, compared to investment in high-speed rail in the Senate bill ($2 billion) and House bill (none).
Environmental Defense, a leading national nonprofit organization, represents more than 500,000 members. Since 1967, Environmental Defense has linked science, economics, law and innovative private-sector partnerships to create breakthrough solutions to the most serious environmental problems.