Current:Home > InvestHigh-speed rail projects get a $6 billion infusion of federal infrastructure money -WealthX
High-speed rail projects get a $6 billion infusion of federal infrastructure money
View
Date:2025-04-15 02:17:38
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! (55)
Related
- Rylee Arnold Shares a Long
- Nigeria boat accident leaves 15 children dead and 25 more missing
- Transcript: Sen. Kyrsten Sinema on Face the Nation, May 7, 2023
- Arrest of ex-Pakistan leader Imran Khan hurls country into deadly political chaos
- North Carolina justices rule for restaurants in COVID
- Twitter employees quit in droves after Elon Musk's ultimatum passes
- Tearful Ed Sheeran Addresses Wife Cherry Seaborn's Health and Jamal Edwards' Death in Docuseries Trailer
- MMA Fighter Iuri Lapicus Dead at 27
- 'We're reborn!' Gazans express joy at returning home to north
- Joshua Jackson Gives a Glimpse Into His “Magical” Home Life with Jodie Turner-Smith and Daughter Janie
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- The world generates so much data that new unit measurements were created to keep up
- Facebook's own oversight board slams its special program for VIPs
- Arrest of ex-Pakistan leader Imran Khan hurls country into deadly political chaos
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Elon Musk allows Donald Trump back on Twitter
- How protesters in China bypass online censorship to express dissent
- Why conspiracy theories about Paul Pelosi's assault keep circulating
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Arrests on King Charles' coronation day amid protests draw call for urgent clarity from London mayor
Batman is dead and four new heroes can't quite replace him in 'Gotham Knights'
Kelly Ripa Recalls Past Marriage Challenges With “Insanely Jealous” Husband Mark Consuelos
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
How Elon Musk used sci-fi and social media to shape his narrative
Sensing an imminent breakdown, communities mourn a bygone Twitter
FTC sues to block the $69 billion Microsoft-Activision Blizzard merger