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:2025-04-11 18:34:00
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! (333)
Related
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- Prince William to travel to Singapore for Earthshot Prize announcement on climate projects
- Kurt Cobain's Daughter Frances Bean Marries Tony Hawk's Son Riley
- Pennsylvania’s Gas Industry Used 160 Million Pounds of Secret Chemicals From 2012 to 2022, a New Report Says
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- 'The Hunger Games' stage adaptation will battle in London theater in fall 2024
- 'Our idol!': 92 year old's rim-to-rim Grand Canyon hike inspires throng of followers worldwide
- Suspension of Astros’ Abreu upheld and pushed to next year. Reliever available for Game 7
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Man who cyberstalked parent of Parkland shooting victim sentenced to year in prison
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- 1 dead, 1 injured after small airplane crashes near Pierre, South Dakota
- Dog owners care more about their pets than cat owners, study finds
- Everything John Stamos Revealed About Mary-Kate Olsen and Ashley Olsen in His New Memoir
- Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
- TSA investigating after state senator arrested abroad for bringing gun in carry-on
- 6,800 UAW members ordered to join strike at Stellantis' Sterling Heights Assembly Plant
- Retail credit card interest rates rise to record highs, topping 30% APR
Recommendation
Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
Stranded at a closed border as bombs fall, foreign nationals in besieged Gaza await evacuation
Why Travis Kelce’s Dad Says Charming Taylor Swift Didn’t Get the Diva Memo
Officers shoot armed suspect in break-in who refused to drop gun, chief says
2024 Olympics: Gymnast Ana Barbosu Taking Social Media Break After Scoring Controversy
John Stamos Details Getting Plastic Surgery After Being Increasingly Self-Conscious About His Nose
Inquiry into New Zealand’s worst mass shooting will examine response times of police and medics
US developing contingency plans to evacuate Americans from Mideast in case Israel-Hamas war spreads