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MORRISON KNUDSEN CHAIRMAN WILLIAM J. AGEE ENDORSES CLINTON ADMINISTRATION'S SUPPORT OF HIGH-SPEED RAIL IN UNITED STATES

 BOISE, Idaho, April 28 /PRNewswire/ -- William J. Agee, chairman and chief executive officer of Morrison Knudsen Corp. (MK) (NYSE: MRN) and a leading supporter of improved rail transportation in the United States, today endorsed the Clinton Administration's support for high-speed rail systems linking major American cities.
 Earlier today, Transportation Secretary Federico Pena announced the administration's policy supporting high-speed rail and placing most responsibility for construction of the systems on the states.
 "High-speed rail is an extremely important part of America's infrastructure development and Morrison Knudsen has been leading the development of high-speed rail for the last four years," said Agee. "We are delighted that the government has made this a high priority. High- speed rail and transportation infrastructure are pivotal, not only in terms of jobs and economic growth, but to improve the quality of life in urban areas."
 MK took the lead in the development of high-speed rail in the United States in 1991 when the company headed an international consortium that won a 50-year franchise from the state of Texas to design, build and operate an approximately 200-mile-per-hour passenger rail system serving five of the state's major cities.
 Agee said MK anticipates active participation in other high-speed rail corridor developments in other areas. He added that today's Department of Transportation announcement will provide the federal incentive for New York, Michigan, Illinois, Ohio, California, Florida and other southeastern states to move rapidly into high-speed rail systems with the use of existing rights of way, high-speed diesel locomotives, and tilt-technology passenger cars and, eventually, into full electrified systems.
 "MK is prepared right now to supply the equipment, and design and construction services necessary to prepare existing rights of way so that service could commence as early as late 1993," said Agee.
 Morrison Knudsen Corp. is an international company serving the environmental, industrial process, power and transportation markets with complete development, design/engineering, construction, operating and financial services.
 -0- 4/28/93
 /CONTACT: Brent Brandon of Morrison Knudsen, 208-386-5387/
 (MRN)


CO: Morrison Knudsen Corp. ST: Idaho IN: TRN SU:

LM -- SE008 -- 2199 04/28/93 15:32 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
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