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Relationships With Local Business, High Speed Rail + More May 9 FBHW 16th Segment [AUDIO]

(Photo by ChinaFotoPress/Getty Images)

Michigan will get $200 million to upgrade rail lines and a share of another $336 million for new high-performance trains and other equipment to build a high-speed rail network between Detroit and Chicago, the Obama administration announced today.

The federal government is awarding $2 billion to expand high-speed rail nationwide, money that Florida turned back earlier this year, and Michigan was one of 24 states competing for the funding.

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