The Department of Transportation (DOT) released guidelines, which can be found at http://www.fra.dot.gov/us/content/2243, for funding of high-speed rail projects under the American Reinvestment and Recovery Act. The program offers grants for both planning and construction so that states can apply for funds for project in any stage of development their project.
The guidance allows DOT to actively promote standard specifications for rail cars and other equipment. The Federal Railroad Administration will award the first round of grants by mid-September.
Related articles and posts:
Original DOT news release
Federal Officials Discuss High-Speed Rail with State Officials