Current:Home > StocksHigh-speed rail projects get a $6 billion infusion of federal infrastructure money -Profound Wealth Insights
High-speed rail projects get a $6 billion infusion of federal infrastructure money
View
Date:2025-04-25 01:38:55
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! (1458)
Related
- Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles
- ESPYS 2024 Red Carpet Fashion: See Every Look as the Stars Arrive
- Fire breaks out in spire of Rouen Cathedral in northwest France
- This Beloved Southern Charm Star Is Not Returning for Season 10
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Man plotted electrical substation attack to advance white supremacist views, prosecutors say
- Don't let AI voice scams con you out of cash
- Andy Samberg reveals reason for his 'SNL' exit: 'I was falling apart in my life'
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Kim Kardashian Shares Tip of Finger Broke Off During Accident More Painful Than Childbirth
Ranking
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- Biden pushes on ‘blue wall’ sprint with Michigan trip as he continues to make the case for candidacy
- A fourth person dies after truck plowed into a July Fourth party in NYC
- Deion Sanders and son Shilo address bankruptcy case
- Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
- You Won't Believe How Many Crystals Adorn Team USA's Gymnastics Uniforms for 2024 Olympics
- An Iowa man is convicted of murdering a police officer who tried to arrest him
- Clean Energy Is Booming in Purple Wisconsin. Just Don’t Mention Climate Change
Recommendation
US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
Georgia’s Fulton County approves plan for independent monitor team to oversee general election
Hurricane Beryl Was a Warning Shot for Houston
Can California’s health care providers help solve the state’s homelessness crisis?
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Top Biden aides meet with Senate Democrats amid concerns about debate
After poor debate, Biden campaign believes there's still no indication anyone but Biden can beat Trump
Hurricane Beryl Was a Warning Shot for Houston