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Yesterday, Connecticut’s State Bond Commission approved $260 million to help advance a New Haven-Hartford-Springfield high-speed rail line. The funding complements an application for matching federal funds of $220 million.

“It is critical that we continue to move this project forward, and I believe the federal government is getting the message that we are a good investment,” said Connecticut House Speaker Christopher Donovan in a prepared statement. “Frankly, our economic future is riding on it.”

Bonds will be issued for the project through the state’s Special Transportation Fund, which has a dedicated revenue stream that includes a combination of gasoline taxes, department of motor vehicle fees and federal transportation funds.

The planned rail line would span 62 miles from New Haven to Springfield, with stations in Meriden, Hartford and Windsor Locks.