Current:Home > MyHigh-speed rail projects get a $6 billion infusion of federal infrastructure money -Stellar Financial Insights
High-speed rail projects get a $6 billion infusion of federal infrastructure money
View
Date:2025-04-16 13:31:20
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! (4738)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- 'He was massive': Mississippi alligator hunters catch 13-foot, 650-pound giant amid storm
- Phoenix has set another heat record by hitting 110 degrees on 54 days this year
- GMA's Robin Roberts Marries Amber Laign
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- 'Not one child should be unaccounted for:' After Maui wildfires, school enrollment suffers
- The US Supreme Court took away abortion rights. Mexico's high court just did the opposite.
- Appeals court slaps Biden administration for contact with social media companies
- Bodycam footage shows high
- YouTuber Ruby Franke has first court hearing after being charged with 6 counts of aggravated child abuse
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Why a nonprofit theater company has made sustainability its mission
- Unraveling long COVID: Here's what scientists who study the illness want to find out
- Rescue begins of ailing US researcher stuck 3,000 feet inside a Turkish cave, Turkish officials say
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- UN report on Ecuador links crime with poverty, faults government for not ending bonded labor
- Violence flares in India’s northeastern state with a history of ethnic clashes and at least 2 died
- Elon Musk and Grimes Have a Third Child, New Biography Says
Recommendation
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Sarah Ferguson Shares Heartwarming Update on Queen Elizabeth II's Corgis One Year After Her Death
How to watch NFL RedZone: Stream providers, start time, cost, host, more
Emma Stone-led ‘Poor Things’ wins top prize at 80th Venice Film Festival
Sam Taylor
Egypt’s annual inflation hits a new record, reaching 39.7% in August
Celebrity couples keep breaking up. Why do we care so much?
'Star Trek' stars join the picket lines in Hollywood