High Speed Rail

High speed rail is moving one step closer to reality today.

At Penn Station, Mayor Bloomberg and US Transportation Commissioner Mary Peters announced the federal government is seeking design proposals for 11 high speed rail corridors.

The officials wouldn't put a timeline on the proposed 2-hour New York to DC ride, but Mayor Bloomberg said it's essential to the city's economic future.

BLOOMBERG: And those people who don't have the vision to see that are destined to live in the past and to become those cities that used to lead this country but don't do that anymore.

REPORTER: The request for high speed rail proposals follows the signing of federal legislation in October.

Those who are interested in submitting proposals must begin the process with the Department of Transportation by next month.