February 26th, 2009
01:16 PM ET
13 years ago

Obama's first budget: Money for high-speed rail

WASHINGTON (CNN) - Money for high-speed rail links and an upgraded air-traffic control system is included in President Barack Obama's first annual budget, introduced Thursday.

Click on the jump for more info about transportation funding in the budget.

The following are some of the key transportation figures and proposals in the fiscal year 2010 budget:

- Funding for the Department of Transportation would increase by $2 billion, from $70.5 billion to $72.5 billion

- The Transportation Department would receive another $48.1 billion in the stimulus package, which is separate from the budget

- A five-year, $5 billion state grant program would boost high-speed rail. This money would come on top of the $8 billion already allocated to high-speed rail in the stimulus package. The administration envisions the creation of environmentally friendly "high-speed rail corridors across the country linking regional population centers."

- $800 million would go toward upgrading the air-traffic control system.

The government's fiscal year runs from October of one year through September of the next.

Related: Obama unveils budget blueprint

–CNN's Alan Silverleib contributed to this report.

Filed under: Obama administration
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