Private Investors May Be Key To Saving Dulles Rail Project

 Until a few weeks ago, officials representing the state, Metro and the regional airport authority believed that the Dulles Rail plan was on track and likely to gain Federal Transit Administration approval by the end of January. The U.S. transportation officials have now denied the $900 million grant that had been counted upon to the help fund the $5 billion project.

Several private investors have expressed  interest in funding the Dulles rail line after learning about the decision from U.S. transportation officials. The possibility of funding the project through companies would attract strong opposition from those who believe the project is far too valuable to hand over to for_profit corporations. But this may be the only option to keeping the project alive.

Source: The Washington Post, Monday January 28, 2008

 


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