On July 1, 2010, the Federal Railroad Administration (FRA) issued a Notice of Funding Availability for the High-Speed Intercity Passenger Rail (HSIPR) Program. IDOT, along with the Iowa Department of Transportation, were selected for an award of $222 million in Federal funding. Of this amount, IDOT received $177 million.
Additional funding is provided by the State of Illinois through a state matching fund of $45 million, as part of the Illinois Jobs Now! Capital Program.