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Obama unveils multi-billion pound overhaul of US rail network

US President Barack Obama has outlined plans worth billions of pounds to overhaul the country’s rail infrastructure.

Under the proposals, the US would use the model of France’s TGV and Japan’s rail system to introduce a network of high-speed trains.

The White House said an initial £5.4 billion would be spent on the upgrades, with a further outlay of about £670 million a year.

Corridors of up to 950 km are being looked at as potential sites for the new lines, while money will also be pumped into improving existing lines.

Mr Obama said: “A major new high-speed rail line will generate many thousands of construction jobs over several years, as well as permanent jobs for rail employees and increased economic activity in the destinations these trains serve.

“High-speed rail is long overdue, and this plan lets American travellers know that they are not doomed to a future of long lines at the airports or jammed cars on the highways.”