It’s funded by taxpayers.
Woodrow Wilson tried that sort of thing with the USRA. Then later on, we got stuck with Amtrak and Conrail; at least Conrail’s back in the private sector now, but under two oversized nigh-monopolistic railroad companies (CSX and Norfolk Southern).
but if it’s taxpayer funded, are they already not on the hook for the 35B debt?
that’s where i get lost, if it’s state funded is it also part private owned?