Amtrak is seeking $1.3 billion of federal high-speed rail funds to help build two new train tunnels under the Hudson River, linking New Jersey and New York, and expand high-speed rail on the Northeast Corridor.

After Florida Gov. Rick Scott in mid-February rejected $2.4 billion of federal High-Speed Intercity Passenger Rail Program funds, officials in other jurisdictions have been looking to tap into them.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.