Mlb. will spend $1.8 billion in 2020 to buy new, faster trains for Baltimore and other cities
By MELISSA SHARP-SOUTHAMIn a historic deal to build the world’s fastest trains, the International Longshoremen’s Association said Friday it plans to spend $8.5 billion to buy the new trains, which will go into service in 2020.
The LISA board of directors voted unanimously to approve a purchase price of $8 billion for the new fleet, according to a statement from LISA.
The announcement comes just a day after Gov.
Larry Hogan signed a $1 billion deal with Amtrak to use the LISA fleet to carry Amtrak trains to and from Baltimore and Washington, D.C. The deal is the largest of its kind in U.S. history, the association said in a statement.
The deal is an historic one for the rail industry.
In 2018, LISA bought the second-most-used railroad in the world, the Northeast Corridor Express, from the United States’ rail giant, CSX.
The agreement is expected to be final in early 2019, and LISA said it expects to start using the new cars in 2021.