CONGRESSIONAL PANEL BALKS AT REQUEST FOR PUBLIC FUNDS TO EXTEND RAIL SERVICE. On Thursday, Congressmen blasted Brightline for possibly circumventing federal law to obtain $1.75 billion of tax-free financing, and suggested the financing for Brightline's Miami-to-Orlando passenger railroad could be in jeopardy.
During the two-hour hearing, the subcommittee criticized Brightline for trying to get financing under a statute intended for certain highway projects for high-speed passenger rail, or trains traveling faster than 150 mph (Brightline travels at 110 mph). Other topics included safety and maintenance fees.
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