The Federal Railroad Administration (FRA) will cancel two grants worth more than $26 million for the Baltimore-Washington Superconducting Magnetic Levitation (SCMAGLEV) project, citing significant project delays and high costs, the Department of Transportation (DOT) said in an Aug. 1 statement.
The project proposed setting up a high-speed rail system based on superconducting magnetic levitation (Maglev) technology between Baltimore and Washington, at an estimated cost of almost $20 billion.
According to Northeast Maglev, a company involved in the project, the system would have allowed travel at speeds of 311 miles per hour, making the journey between Washington and Baltimore possible in just 15 minutes. It currently takes roughly an hour to travel between the two cities by car, according to data from Google Maps….