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Amtrak has issued a request for proposals to develop a business plan for Northeast Corridor next-generation high-speed rail service that would include private investment.

“Amtrak will aggressively pursue private investment, in combination with funding from the federal government and from other public sources, to achieve our goal of initiating true high-speed rail from Washington to Boston,” Amtrak Vice President of High-Speed Rail Al Engel said during a press conference yesterday.

Amtrak issued the RFP in April; proposals are due by June 10. So far, 26 entities have requested the RFP, but Amtrak doesn’t expect to receive 26 proposals, Engel said.

The proposal calls for a business and financial plan in which Amtrak is the key developer and operator of a high-speed rail system that would reach train speeds up to 220 mph. The project would take 25 years to complete and cost $117 billion, according to Amtrak.