Illinois receives nearly $200 million in federal money toward high-speed railway

Posted by IronPlanet on Jan 4, 2012 10:50:00 PM

The federal government has awarded $186 million in an effort to improve the high-speed railway that runs from Joliet to Dwight. According to the Beacon-News, now that these funds have been received, work can begin in earnest on the corridor between these two municipalities.

"[This is] great news for Joliet because it shows the federal government’s commitment to creating high-speed rail from Chicago to St. Louis," Joliet City Manager Thomas Thanas told the news source.

Trains within this corridor are expected to travel at speeds of about 110 miles per hour, giving commuters a viable, sustainable means of getting to work without having to hop in a car.

A fair amount of construction equipment is going to be needed for this job. With construction on the rise nationwide, similar contracts may be given out across the United States. Those hoping to be prepared may want to use IronPlanet to serve their needs. With its unique marketplace, finding high-quality excavators or dump trucks at affordable prices has never been easier.

Topics: Construction, Industry Headlines