The Wall Street Journal is reporting that the Federal Railroad Administration has recently approved a grant of $27.8 million to develop Maglev Train service between Washington D.C. and New York City at over 300mph.
The train would be enable travel from Washington, D.C. to New York City in under an hour using magnetic levitation technology, better known as maglev. The grant, a mere fraction of what the entire undertaking will cost, was given to the Maryland Department of Transportation and the Maryland Economic Development corporation, but the project is officially being led by a private organization called The Northeast Maglev.
Check out Northeast Maglev for more info on the project.
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