Biden Announces $16.4 Billion in Federal Funding for Passenger Rail Projects in Northeast Corridor

Funds to be used for 25 projects along the Northeast Corridor; investments are expected to create over 100,000 jobs and increase rail speeds in some sections from 30 to 110 miles per hour.

President Biden has announced $16.4 billion in federal funding for 25 rail projects in the Northeast Corridor, expected to create over 100,000 jobs and dramatically increase rail speeds.
The funds are part of the $1 trillion infrastructure law signed into law two years prior, which includes $66 billion slated for rail system investments.
Among the funded projects, the largest allocation of about $4.7 billion will go towards replacing the Frederick Douglass Tunnel in Baltimore, allowing speeds to increase from 30 to 110 miles per hour.
12 of the 25 funded projects will be led by Amtrak, including a $2 billion allocation for the Susquehanna River Rail Bridge project in Maryland and $1.3 billion for the East River tunnel project in New York.
The second largest allocation, $3.8 billion, will fund the Hudson River tunnel project, a part of the contentious Gateway project which experienced extensive delays and setbacks under the Trump administration.