Current:Home > InvestHigh-speed rail projects get a $6 billion infusion of federal infrastructure money -Prime Money Path
High-speed rail projects get a $6 billion infusion of federal infrastructure money
Surpassing View
Date:2025-04-09 03:10:18
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! (1)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- It's tick season: What types live in your area and how to keep them under control
- Jackson scores twice as Chelsea routs West Ham 5-0
- 2024 Preakness Stakes: Date, time, how to watch and more to know about 149th race
- Trump issues order to ban transgender troops from serving openly in the military
- Hush money, catch and kill and more: A guide to unique terms used at Trump’s New York criminal trial
- A truck driver is accused of killing a Utah police officer by driving into him
- 1 dead, 5 wounded in Birmingham, Alabama, shooting, police say
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Texas police officer dies after being injured when a tornado struck his home
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- You’ll Be Down Bad For Taylor Swift’s Met Gala Looks Through The Years
- Texas police officer dies after being injured when a tornado struck his home
- The 2024 Met Gala Garden of Time Theme and Dress Code, Explained
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Texas police officer dies after being injured when a tornado struck his home
- It's tick season: What types live in your area and how to keep them under control
- Methodists end anti-gay bans, closing 50 years of battles over sexuality for mainline Protestants
Recommendation
2025 'Doomsday Clock': This is how close we are to self
All the past Met Gala themes over the years up to 2024
How Kristi Yamaguchi’s Trailblazing Win Led to Her Own Barbie Doll
Murder trial underway in case of New Jersey father who made son, 6, run on treadmill
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Complaints, objections swept aside as 15-year-old girl claims record for 101-pound catfish
MLS schedule May 4-5: Lionel Messi, Inter Miami vs. New York Red Bulls; odds, how to watch
Matt Brown, who has the second-most knockouts in UFC history, calls it a career