News roundup, February 21, 2025
US sleeper trains, a challenge to the Panama Canal, and Warren Buffett
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Mexico New Interoceanic Corridor Railway Challenges Panama Canal (Columbia One)
Mexico is constructing an Interoceanic Corridor railway to provide an alternative to the Panama Canal and ease international trade. The railway aims to alleviate the strain on the Panama Canal, which is struggling with low water levels due to a prolonged drought. The canal has raised toll prices significantly, and with water levels at an all-time low, shipping through the canal has become increasingly difficult.
Plan for Sleeper Trains To Run Across US (Newsweek)
Federal funding for Massachusetts rail projects announced in January 2025 (Trains.com) and an earlier announcement by western MA Congressman Richard Neal (neal.house.gov). Governor Lamont, Congressional Delegation Announce Connecticut Receiving $291 Million For Rail Projects (ctdot-press-releases/2024).
Many state rail projects depend in part on federal funding that is now uncertain.
Warren Buffett of Berkshire Hathaway is known for an interest in trains
In fact, the billionaire philanthropist once crooned "I’ve been working on the railroad" on China's Central Television Network as part of a New Year's Gala.
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