Close Menu
    What's Hot

    Fox’s Roku Deal Can Help It Pass Netflix in TV Viewership

    June 15, 2026

    CLARITY Act July 4 Deadline Dead as Ethics and Section 604 Talks Collapse

    June 15, 2026

    World Cup Team Blames FIFA After Travel Chaos and Plane Mixup

    June 15, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Economy»Biden, Kishida likely to discuss Texas bullet train project, sources say By Reuters
    Economy

    Biden, Kishida likely to discuss Texas bullet train project, sources say By Reuters

    Press RoomBy Press RoomApril 9, 2024No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Tim Kelly and Trevor Hunnicutt

    TOKYO/WASHINGTON (Reuters) -President Joe Biden is seeking to revive interest in a plan to build the first high-speed rail in the U. S. using Japanese bullet trains, with sources saying he is likely to discuss the project with Japan’s prime minister in Washington this week.

    The leaders may publicly voice support for the multi-billion-dollar Texas project after Wednesday’s talks, which have been partly overshadowed by U.S. opposition to another Japanese investment, Nippon Steel’s planned purchase of U.S. Steel.

    Prime Minister Fumio Kishida’s state visit to Washington, the first by a Japanese leader in nine years, aims to showcase closer security and economic ties between the allies.

    The project linking Dallas and Houston will be on the agenda for the talks, said three sources familiar with summit preparations, who sought anonymity as they were not allowed to speak to the media.

    It is likely to be mentioned in joint statements following the talks, two of the sources said.

    However, a senior Biden administration official said the project did not appear to have matured to the point where the leaders would announce progress publicly.

    All the sources cautioned that the details of the final agreements could change before the visit.

    Japan’s foreign ministry declined to comment, saying the governments were still coordinating joint statements from the talks. The White House declined to comment.

    Support from the leaders could unlock new cash from the Federal Railroad Administration and other Department of Transportation funds.

    But the project, estimated to cost between $25 billion and $30 billion, still faces potential hurdles in Texas and the U.S. Congress.

    Biden’s Transportation Secretary Pete Buttigieg has voiced support for the plan.

    “We believe in this,” he said in an interview with NBC 5 on Sunday. “Obviously it has to turn into a more specific design and vision but everything I’ve seen makes me very excited.”

    With its vast distances between major cities, huge commuter population, and dearth of public transport the United States has attracted multiple high-speed rail proposals.

    But none have ever been built, blocked by political wrangling, land ownership riddles and skyrocketing costs.

    A train linking Houston and Dallas, the U.S.’s fourth and fifth biggest metropolitan areas by population, has been discussed since the 1980s. Previous efforts were stymied by the objections of private landowners along its route.

    Biden and Kishida’s support, say the project’s advocates, will help attract money from private investors for a “shovel ready” plan.

    The 240-mile (380-km)-long rail link, which will be built and operated by Texas Central Partners and Amtrak, is expected to cut travel times between the cities to about 90 minutes, from 3-1/2 hours by car.

    Japanese state lenders, including the Japan Bank for International Corporation, have provided loans to help develop the project, which is procuring shinkansen bullet train technology from Central Japan Railways Company.

    Progress with the project would be a win for the Biden administration, which has pushed climate-friendly policies and rail investment.

    But it is likely to draw criticism, particularly from hardline Republican lawmakers in the U.S. House of Representatives who have opposed using public funds for rail projects in the past, and oppose using them now to rebuild Baltimore’ Francis Scott Key Bridge, which was destroyed by a cargo ship last month.

    Plans for a possible nod of support from leaders follow Biden’s opposition to Nippon Steel’s plan to buy U.S. Steel Corp, saying it must remain in U.S. hands.

    © Reuters. FILE PHOTO: U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida review an honor guard during a welcome ceremony for President Biden, at the Akasaka Palace state guest house in Tokyo, Japan, May 23, 2022. Eugene Hoshiko/Pool via REUTERS/File Photo

    Biden, who signed a $1-trillion infrastructure bill in 2021 that includes $66 billion for rail projects, will face Donald Trump in November’s presidential election rematch.

    With voters rating the economy at the top of their concerns, Democratic president Biden has pushed government-backed building projects that his aides argue could create jobs and relieve inflation pressures.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Wall Street slides as valuation concerns, rate-cut jitters linger

    November 18, 2025

    Wall St opens lower as valuation concerns, rate-cut jitters linger

    November 18, 2025

    They solved for the Kansas City Chiefs enforcement equilibrium

    September 5, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    Fox’s Roku Deal Can Help It Pass Netflix in TV Viewership

    June 15, 2026

    CLARITY Act July 4 Deadline Dead as Ethics and Section 604 Talks Collapse

    June 15, 2026

    World Cup Team Blames FIFA After Travel Chaos and Plane Mixup

    June 15, 2026

    Hoskinson Stands On $70M BTC Payment From 2016 Manx Entity

    June 15, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • June 2026
    • May 2026
    • April 2026
    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.