(Source: Boomberg News, January 31, 2012)
WASHINGTON, D.C. — Railroads would get five more years to install crash-avoidance technology — a project estimated to cost about $12 billion — under a proposal by the U.S. House transportation committee. The deadline would move to Dec. 31, 2020 from Dec. 31, 2015, according to a draft copy of legislation to provide long- term funding for highway and transit programs obtained by Bloomberg News. The House Transportation and Infrastructure Committee is scheduled to release the draft tomorrow.
Full story: Bloomberg News