Feds Award nearly $28 Million for Washington to Baltimore Maglev Project
According to the Nov. 6 DOT press release, a $27.8 million grant was awarded "to the State of Maryland for preconstruction and planning costs for the potential development of a magnetic levitation (maglev) train between Washington, DC and Baltimore, Md."
"Maryland’s Department of Transportation and the state’s Economic Development Corporation applied for the federal funds in April, with an understanding that the Japanese government and Baltimore-Washington Rapid Rail, a private group, would provide significant investments for the project," writes Josh Hicks, who covers Maryland politics and government for The Washington Post.
"The train could whisk passengers around at over 500 kilometers per hour (300 mph), and the first leg of the project could connect Washington to Baltimore in 15 minutes at a cost of about $10 billion," writes Aditya Kondalamahanty for the International Business Times.
"The project is being led by a private organization called The Northeast Maglev, which is working with railway officials in Japan," writes Eric Pfanner, senior corporate correspondent for The Wall Street Journal.
The public Japan Bank for International Cooperation "has promised $5 billion in financing but the private Central Japan Railway Co. 'has agreed to waive any licensing fees for use of its maglev technology'," notes last year's post.
"The money will support private-sector efforts to bring magnetic-levitation trains to the region as part of a larger vision for building a maglev system along the Northeast Corridor," adds Hicks.
Maryland requested $1.7 billion in federal funding for the maglev project in 2010, but the Federal Railroad Administration rejected the bid, declaring it “not ready.”
“The ability to travel between Baltimore and Washington, D.C., in only 15 minutes will be absolutely transformative, not just for these two cities, but for our entire state,” Gov. Larry Hogan (R) said in a statement.
In fact, the $27.8 million request came after "Gov. Horgan rode the 27-mile Yamanashi maglev line outside of Tokyo during a 12-day trade trip...," wrote Rick SeltzerIf of the Baltimore Business Journal in June.
Federal maglev funding originated in 2005 when "Congress authorized $90 million for maglev transportation projects that would be capable of safely transporting passengers faster than 240 miles per hour," notes the press release.
In 2010, $45 million earmarked for Los Angeles to Las Vegas maglev was redirected to airport roads around McCarran International Airport in Las Vegas. The corridor is proceeding as a high-speed rail project called DesertXpress backed by the China Railway International Group and China Development Bank.