Amtrak Relying on U.S. Funding to Attract Bullet-Train Investors

Amtrak, the U.S. long-distance passenger railroad, is turning its sights from private investors toward governments to fund the beginning of a $151 billion plan for bullet trains between Northeast cities by 2040.

The Washington-based, taxpayer-supported railroad will need “significant” government support to carry out its plan to boost train capacity and increase speeds to 220 miles (354 kilometers) per hour between Washington and Boston, Amtrak Chief Executive Officer Joseph Boardman said in an interview.