Biden administration puts $16 billion toward project ‘Americans have wanted for years’: ‘We are finally delivering the generational investments

Electrek has reported that the Northeast Corridor will receive a $16.4 billion cash injection to go towards long-overdue upgrades along its routes, with the aim of maintaining passenger volumes and even encouraging more people to travel via train. Funding will be taken from the $66 billion earmarked under President Biden’s Bipartisan Infrastructure Law and will be used to upgrade tunnel systems, replace bridges, and improve tracks, signals, and network safety, according to the U.S. DOT. The Northeast Corridor is a 457-mile stretch between Boston, Massachusetts, and Washington, D.C., and it runs through Massachusetts, Rhode Island, Connecticut, New York, Pennsylvania, Delaware, Maryland, and Virginia. In the Department of Transportation’s statement, it notes, “the area the NEC spans accounts for 24 million jobs and 20% of the national GDP.”

https://www.msn.com/en-us/money/companies/biden-administration-puts-16-billion-toward-project-americans-have-wanted-for-years-we-are-finally-delivering-the-generational-investments/ar-AA1l0bNU?ocid=entnewsntp&cvid=a136292d65e648eb911af0ce3e7084c1&ei=90

Share This Article: