BALTIMORE (AP) - A company has proposed building a high-speed train that could go from Baltimore to Washington in about 15 minutes.
Washington Rapid Rail LLC submitted an application to the Maryland Public Service Commission on Wednesday.
The filing says the Japanese government has committed to provide $5 billion or more toward the cost of building the first leg. The filing also says that the Central Japan Railway Co. has agreed to waive any licensing fees for its "maglev" train technology.
Maglev trains use magnets to float over rail guideways.
Rapid Rail is asking state regulators to transfer the franchise rights of the former Washington Baltimore and Annapolis Electric Railroad.
The commission regulates common carriers that engage in the public transportation of people for hire.