A bank controlled by the government of Japan has promised $5 billion in financing for a proposal that would connect Washington D.C. and Baltimore via maglev, high-speed rail.
"An investor group hoping to build a high-speed train capable of cutting the travel time between Baltimore and Washington to 15 minutes says in a filing to state regulators that it has lined up more than $5 billion in financial backing," reports Kevin Rector.
The public Japan Bank for International Cooperation is behind the $5 billion, but the private Central Japan Railway Co. "has agreed to waive any licensing fees for use of its maglev technology," adds Rector.
"The details were included in Rapid Rail's filing Wednesday asking Maryland regulators for the old state franchise rights of the former Washington Baltimore & Annapolis Electric Railroad, a once-busy interurban electric rail car system that linked the three cities in the early 20th century."
The details of the so-called Northeast Maglev plans have been hinted at, but the filing released the first details about the Japanese government's involvement in the route. Previous reports on the Northeast Maglev also mentioned that the connection would continue on to New York City.
FULL STORY: Backers of high-speed 'maglev' train to Washington claim $5 billion in funding
Federal Review of High-Speed Maglev Train Between D.C. and Baltimore Nearing the Finish Line
The Federal Railroad Administration recently released a preliminary study of a proposed high-speed maglev train route between Baltimore and Washington, D.C.
D.C.-to-Baltimore Maglev Finds Likely Terminus
The high-tech, high-speed rail system is ultimately planned to run from D.C. to New York.
D.C. Has Concerns About Parking and the Cost of Maglev Proposal
Washington, D.C. officials are urging modifications to key components of a proposal to build a maglev system between D.C. and Baltimore, citing disruptions to neighborhoods and cost concerns.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Wind Energy on the Rise Despite Federal Policy Reversal
The Trump administration is revoking federal support for renewable energy, but demand for new projects continues unabated.
Passengers Flock to Caltrain After Electrification
The new electric trains are running faster and more reliably, leading to strong ridership growth on the Bay Area rail system.
Texas Churches Rally Behind ‘Yes in God’s Back Yard’ Legislation
Religious leaders want the state to reduce zoning regulations to streamline leasing church-owned land to housing developers.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
Smith Gee Studio
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service