U.S. Senate passes $2 trillion stimulus bill; rail/transit to receive billions

(Source: Railway Track & Structures, March 26, 2020)

NEW YORK — By a unanimous 96-0 vote, the U.S. Senate on March 26 passed H.R. 748, its version of a $2 trillion stimulus package for address the devastating economic and societal impacts of the COVID-19 pandemic. Called the “Coronavirus Aid, Relief and Economic Security (CARES) Act,” it includes many rail-related funding measures of direct benefit to the railway industry—all modes, freight and passenger. H.R. 748 now goes to the House of Representatives, which is expected to put it to a vote on March 27.

Full story: Railway Track & Structures

Friday, March 27, 2020