Current:Home > StocksHigh-speed rail projects get a $6 billion infusion of federal infrastructure money -Wealth Empowerment Zone
High-speed rail projects get a $6 billion infusion of federal infrastructure money
View
Date:2025-04-14 21:55:20
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! (57111)
Related
- $73.5M beach replenishment project starts in January at Jersey Shore
- Embattled Missouri House speaker hires a former House speaker who pleaded guilty to assault
- How American Girl dolls became a part of American culture — problems and all
- How to avoid Veterans Day scams: Tips so your donations reach people who need help
- A Georgia governor’s latest work after politics: a children’s book on his cats ‘Veto’ and ‘Bill’
- Ransomware attack on China’s biggest bank disrupts Treasury market trades, reports say
- Expensive judicial races might be here to stay in Pennsylvania after record high court campaign
- Kel Mitchell says he's 'on the road to recovery' after 'frightening' medical issue
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Expensive judicial races might be here to stay in Pennsylvania after record high court campaign
Ranking
- Olympic disqualification of gold medal hopeful exposes 'dark side' of women's wrestling
- Virginia school system says ongoing claim of sex assaults on school grounds was fabricated
- San Francisco bidding to reverse image of a city in decline as host of APEC trade summit
- Texas judge rules against GOP lawsuit seeking to toss 2022 election result in Houston area
- Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
- Protesters stage sit-in at New York Times headquarters to call for cease-fire in Gaza
- Virginia's Perris Jones has 'regained movement in all of his extremities'
- British economy flatlines in third quarter of the year, update shows ahead of budget statement
Recommendation
Olympic disqualification of gold medal hopeful exposes 'dark side' of women's wrestling
Pakistan is planting lots of mangrove forests. So why are some upset?
Goodbye match, hello retirement benefit account? What IBM 401(k) change means
100,000 marijuana convictions expunged in Missouri, year after recreational use legalized
Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
Shawn Mendes Strips Down at the Beach With Big Brother UK’s Charlie Travers
RHOBH's Crystal Kung Minkoff Says These Real Housewives Were Rude at BravoCon
Hawaii wildlife refuge pond mysteriously turns bubble-gum pink. Scientists have identified a likely culprit.