Rail

Group developing NEC Maglev approved to acquire railroad franchise

Posted on November 18, 2015

Rendering courtesy The Northeast Maglev
Rendering courtesy The Northeast Maglev

The developer of a Superconducting Maglev system (SCMAGLEV) that would connect Washington and Baltimore in 15 minutes was approved to acquire a passenger railroad franchise previously held by the Washington, Baltimore and Annapolis Electric Railroad Co. The railroad franchise was abandoned in 1935, with approval of the Maryland Public Service Commission. 

The developer, Baltimore Washington Rapid Rail (BWRR) is working with The Northeast Maglev (TNEM), a U.S. company that is working with the Central Japan Railway Co. to promote the SCMAGLEV system in the Northeast Corridor.

"We are pleased that the Commission recognized the tremendous benefits of the SCMAGLEV system for greater Baltimore and Maryland. The transfer of this railroad franchise is an exciting first step in making this transformational project a reality," said Wayne Rogers, Chairman of BWRR and chairman/CEO of TNEM. "We look forward to working with Federal, state and local government officials and other stakeholders to move this project forward."

SCMAGLEV is the world's fastest and safest transportation solution, available today, and is truly the future of high-speed transportation, according to the group. SCMAGLEV will provide frequent, reliable service that will fundamentally improve our region — creating jobs, enhancing access, and reducing road congestion and emissions. The service will also enable unprecedented connections between city centers and major airports and connect Baltimore and Washington in 15 minutes.

In September, BWRR and TNEM opened a new headquarters located in the heart of Baltimore's central business district, investing in a closed building and renovating a historic site, which illustrates the economic development benefits that the project will bring. In the coming months, BWRR and TNEM will focus on conducting an Environmental Impact Statement process, which will help determine routes, Federal Railroad Administration safety reviews and Surface Transportation Board construction reviews.

View comments or post a comment on this story. (0 Comments)

More News

Caltrain hosts groundbreaking for electrification project

The project will electrify the Caltrain corridor between San Francisco and San Jose and will equip the corridor with high-performance electric trains.

Lhota unveils New York City subway action plan

The announcement comes fewer than 30 days after Gov. Andrew Cuomo declared New York City’s subways to be in a state of emergency and directed Chairman Lhota to provide a plan for immediate action that puts customers first.

Canadian infrastructure bank possible financing option for U.S.-Canada high-speed line

The Trudeau government’s soon-to-be-launched, $35-billion infrastructure bank will seek to use public funds as leverage to attract billions more in private investment for major infrastructure projects, such as bridges, transit systems, and rail lines.

Joint venture selected to operate new Hartford commuter rail

TransitAmerica Services and Alternate Concepts has been selected as the service provider that will operate and manage service on the CTrail Hartford Line — the passenger rail service currently under construction.

Keolis, MBTA to improve commuter rail ticket checking

Estimates suggest that up to $24 million in uncollected fare could be recovered through a ticket-checking modernization initiative and other tactics.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close