Current:Home > StocksHigh-speed rail projects get a $6 billion infusion of federal infrastructure money -ProgressCapital
High-speed rail projects get a $6 billion infusion of federal infrastructure money
View
Date:2025-04-15 21:49:15
A pair of high-speed rail projects in Nevada and California is getting a big push from Washington.
The Biden administration pledged more than $6 billion in federal funding for high-speed rail, aiming to close the gap between the U.S. and other developed nations when it comes to fast and reliable passenger service.
"We're not there today for the simple reason that you get what you pay for, and America disinvested over the last many decades in our rail systems," Transportation Secretary Pete Buttigieg said on a call with reporters. "We're reversing that trend."
The high-speed rail projects are part of $8 billion in funding for passenger rail announced today — the latest installment in what the White House calls the largest investment in passenger rail since the creation of Amtrak more than 50 years ago.
This round of funding from the Bipartisan Infrastructure Law includes a $3 billion grant for the project known as Brightline West, a new 218-mile intercity passenger system connecting Las Vegas and Southern California. Brightline, the only private intercity passenger railroad in the country, is already operating high-speed service between Miami and Orlando.
"We're ready to get to work," Wes Edens, the founder and chairman of Brightline, said in a statement. "This is a historic moment that will serve as a foundation for a new industry, and a remarkable project that will serve as the blueprint for how we can repeat this model throughout the country."
The federal grant for Brightline West is expected to cover only part of the project's estimated $12 billion cost, but it's still one of the largest federal infrastructure grants ever to a private company. The company hopes to open the line in time for the 2028 Olympics in Los Angeles.
Rail advocates hailed the announcement as a major boost for the industry.
"The tide has turned for high-speed rail in America," Andy Kunz, the founder and CEO of the US High Speed Rail Association, said in a statement. "Electrified bullet trains will transform the nation's transportation system — reducing congestion, helping end our dependency on fossil fuels and advancing the fight against climate change."
The White House also announced nearly $3.1 billion in funding for a high-speed rail project in California. The ambitious plan to connect San Francisco and Los Angeles has been plagued by delays and cost overruns. The estimated cost of the full project has grown from $33 billion some 15 years ago to more than $100 billion today.
The funding announced this week will go toward the construction of a 171-mile segment between Merced and Bakersfield in California's Central Valley.
"They are facing a lot of the challenges that come with being the very first at anything," Buttigieg said on the call with reporters.
It would take generations of investment for the U.S. to build the kind of high-speed rail networks that passengers in Europe and East Asia use today, Buttigieg said. Still, he argues that the appetite for high-speed rail will grow as Americans see new intercity routes begin to carry passengers.
"It won't change overnight," Buttigieg said. "But within a few years you're going to see some real noticeable improvements and some very exciting things including — before the end of this decade, if all goes well — the experience of true high speed rail on American soil."
veryGood! (96292)
Related
- North Carolina justices rule for restaurants in COVID
- Nestle's Drumstick ice cream fails melt test, online scrutiny begins
- State Department weighing new information from Israel in determining whether IDF unit violated U.S. law
- Global negotiations on a treaty to end plastic pollution at critical phase in Canada
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- 2025 NFL mock draft: QB Shedeur Sanders lands in late first, Travis Hunter in top three
- 3 U.S. MQ-9 Reaper drones, worth about $30 million each, have crashed in or near Yemen since November
- Falcons don't see quarterback controversy with Kirk Cousins, Michael Penix Jr. on board
- USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
- 'Critical safety gap' between Tesla drivers, systems cited as NHTSA launches recall probe
Ranking
- Southern California rocked by series of earthquakes: Is a bigger one brewing?
- 7 Minnesotans accused in massive scheme to defraud pandemic food program to stand trial
- AIGM AI Security: The New Benchmark of Cyber Security
- Kentucky Derby post positions announced for horses in the 2024 field
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Poisoned cheesecake used as a weapon in an attempted murder a first for NY investigators
- Teen dead, child and officer injured in 3 shootings in South Carolina’s smallest county
- NFL's top 20 remaining free agents include Odell Beckham Jr.
Recommendation
Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
Antisemitism is rampant. Campus protests aren't helping things. | The Excerpt
AIGM adding Artificial Intelligent into Crypto Trading Platform
Jalen Brunson, Knicks put 76ers on brink of elimination with Game 4 win
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
2025 NFL mock draft: QB Shedeur Sanders lands in late first, Travis Hunter in top three
NFL draft grades: Bears, Steelers lead best team classes as Cowboys stumble
2 hikers drown after falling into creek on Tennessee trail