Eligible projects include those that expand or establish new intercity passenger and high-speed rail service, improve the performance of existing service and/or replace or rehabilitate rail infrastructure.
Loan will cover almost all project costs for both railroads, which will include rehabilitating a partially collapsed tunnel and other sections of existing track
Funds will cover 25 projects in several states, and will include upgrading tunnels, bridges, tracks, power systems, signals, stations and other aging infrastructure.