WILMINGTON, Del. (WPVI) -- Vice President Joe Biden announced Friday the federal government is giving a $2 billion loan to Amtrak to modernize rail service along the Northeast Corridor.
Biden delivered the news at the Wilmington train station.
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The funds will go to buy new trains, upgrade tracks and make platform improvements.
New technology will be installed on the trains to prevent train collisions and derailments.
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Officials say the loan will also allow Amtrak to increase seating by about 40 percent on Acela trains traveling between Washington and Boston.