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Hart proposes $3 billion loan guarantees to boost U S mass transit
Sen. Phil Hart outlines a plan to spur U S mass transit by backing new bus and rail firms with $3 billion in federal loan guarantees. He notes U S production lags abroad with GM dominance in buses and rail engines, creating backlogs and overseas purchases. The program aims to spur competition, retain funds at home, and create about one million jobs.
MENTIONED IN THIS ARTICLE
Washington
U.S
Phil Hart
D-Mich
Hart
General Motors
Rohn
AM General
Chrysler
American Motors