IDOT, railroads reach $1.1 billion deal on high-speed rail – Springfield, IL – The State Journal-Register

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Billions of dollars in federal grants for high-speed rail had been tied up across the nation while states and private railroads, which are supposed to provide rights of way, negotiated agreements aimed at ensuring adequate room for both freight and passenger trains. Rail companies had balked at proposals that they would have to pay financial penalties if passenger trains don’t run on time.

Flatau said he believes Illinois is the first state to negotiate an agreement with the Union Pacific, the nation’s largest railroad.

 

IDOT, railroads reach $1.1 billion deal on high-speed rail – Springfield, IL – The State Journal-Register.

Filed under: Regional USA Passenger Rail, United States High Speed Rail