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Study Funding

​Construction of necessary capital improvements for service from Raleigh to Richmond will cost approximately $4 billion.

Initial estimates indicate revenues will cover ongoing operation and maintenance costs, but a significant amount of funding is needed to establish the service.

Federal funding, federal loans, and/or public-private partnerships with local and state matches will be needed to fund the project.

Due to the funding constraints, a timeline for project development and construction has not been established.

4/16/2018 4:27 PM