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High-Speed Rail Development: New Funding and Priorities

This act aims to reauthorize the high-speed rail development program in the U.S. This means potential improvements in public transportation, faster inter-city travel, and environmental benefits through new, eco-friendly trains. Significant funding has been allocated for this purpose.
Key points
Priority will be given to rail projects with a greater non-federal share of costs, encouraging local investment.
50% of federal funds will be set aside for projects where the federal share does not exceed half of the costs, supporting projects with strong local contributions.
A total of $32 billion is authorized for high-speed rail development from 2022 to 2025, indicating substantial infrastructure investment.
New project selection criteria include environmental benefits, such as purchasing eco-friendly and fuel-efficient trains.
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Additional Information
Print number: 117_HR_867
Sponsor: Rep. Costa, Jim [D-CA-16]
Process start date: 2021-02-05