Feds Allocate $2.4B for Railroad Projects

Funds target track upgrades and boost for small railroads
By Newser.AI Read our AI policy
Posted Oct 29, 2024 3:19 PM CDT
Feds Allocate $2.4B for Railroad Projects
The Union Pacific Railroad logo appears on a locomotive in the Jackson, Miss., terminal rail yard, April 20, 2022. Union Pacific reports earnings on July 25, 2024.   (AP Photo/Rogelio V. Solis, File)

The Federal Railroad Administration announced the distribution of $2.4 billion in grants to fund 122 railway projects across 41 states and Washington, DC. Most of the funds will enhance track and bridge infrastructure, but a portion is allocated to training programs and eco-friendly alternatives to diesel fuel. More than half of the grant money focuses on aiding smaller railroads with upgrades to modern, efficient locomotives.

The initiative is largely financed by the 2021 infrastructure law backed by President Biden. In his statement, Transportation Secretary Pete Buttigieg emphasized the grants' importance, stating, "Each project advances a future where our supply chains are stronger, passenger rail more accessible, and freight movement safer and more efficient." Some projects will address safety issues that gained attention following the Norfolk Southern train derailment in Ohio, which created a significant chemical spill.

Highlights of the grant allocations include a $215 million investment for a new Hudson River bridge in New York and nearly $160 million to enhance track systems in Illinois, facilitating high-speed rail between Chicago and St. Louis. Another grant aims to improve track resilience against climate change impacts in Southern California. Approximately $1.3 billion will be directed to smaller railroads, supporting 81 projects nationwide. (This story was generated by Newser's AI chatbot. Source: the AP)

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