U.S. Senate panel to unveil $78 billion surface transportation bill

(C) Reuters. FILE PHOTO: U.S.

President Joe Biden arrives for an event marking Amtrak’s 50th Anniversary, at the 30th Street Station in Philadelphia, Pennsylvania, U.S., April 30, 2021. REUTERS/Erin Scott

WASHINGTON (Reuters) – The U.S. Senate Commerce Committee on Wednesday will unveil a bipartisan surface transportation bill that would authorize £78 billion over five years, including £25 billion for passenger rail, sources briefed on the matter said.

The bill includes more than £19 billion in grants for U.S passenger railroad Amtrak over five years, which is a dramatic increase over the average £2 billion in government funding the railroad received annually before COVID-19.

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