Surety Bonds

Going Express: Constructing The Future



 Pending federal approval, the Maglev Project could result in a 15 minute, 40 mile train ride between Washington D.C. and Baltimore, heading on up to New York within an hour. Approval could come this year—with completion in a decade.

$13.8 Billion: The Superconducting Maglev Project

 The Federal Railroad Administration (FRA) has completed the preliminary review of a superconducting magnetic levitation train seen as key to alleviating congestion on the Interstate 95 corridor. As reported by The Washington Post:

 The technology that would be used, which has been tested in Japan, harnesses powerful magnetic forces that lift and propel trains four inches above a U-shaped guideway at speeds up to 375 mph. The trains between D.C. and Baltimore would travel as fast as 311 mph.

 Private investor group, Northeast Maglev estimates the cost at $13.8- $16.8 billion, indicating that $5 billion would come from Japan, with the remainder coming from public and private sources, including federal loans and grants. According to the preliminary review:

 The project would generate between 161,000 and 195,000 jobs during a seven-year construction period and yield between $8.8 billion and $10.6 billion of potential earnings for employees.

 Once built, the maglev could support between 390 and 440 jobs annually, and between $24.3 million and $27.4 million of earnings for workers, according to the report, which also highlights benefits to property values near the proposed stations in D.C. and Baltimore.

 New Projects Ahead?

 Colonial Surety Company proudly helps contractors of all sizes from across the USA secure the bonds they need to bid and get to work on new projects. As a leading national surety bond expert, Colonial Surety Company offers a unique Partnership Account®. Apply and pre-qualify for a surety-line of credit that can help you manage and grow your business.

It’s easy to apply for a Partnership Account®. with Colonial’s efficient new online system. All companies that apply receive, for free, Dun & Bradstreet scores. Use this information to build your financial intel and business strategy today.

 Pre-Qualify and Receive Free Dun & Bradstreet Scores Now!

 Contractors who pre-qualify for a surety line of credit, go on to upload a few more documents that help Colonial better understand their operation and underwrite the Partnership Account®.

 Possibilities—and Challenges: What’s Next for Maglev?


It is anticipated that the Federal Rail Administration will make a final recommendation later this year, following a comment period. Many questions and concerns have been raised by community groups and local government leaders related to  the negative impacts of disruption and displacement, as well as, if completed, unrealistic costs for average commuters.

With thoughtful attention and investment needed to solve the challenges of aging infrastructure across the country, Construction Dive observes of Maglev:

 The ambitious transit project would be unlike anything attempted in the U.S. before, and comes at a unique time for rail infrastructure.

 Part of the proposal highlights the Baltimore-Washington area as ripe for such a project, due to the high traffic levels and large number of commuters moving between the cities. Transportation infrastructure between the two cities is aging, the report said, making it less reliable.

 Need For Speed?

Whatever projects are on the horizon for your contract business this year, get ready now! In pursuit of new business opportunities, contractors across the country are using Colonial’s Partnership Account® to:

  • Gain control of bidding and bonding, online and in real time.
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  • Leverage data on a private Owners Dashboard to view surety lines, adjust work on hand, analyze bids—and grow.


Learn more and pre-qualify for a Partnership Account now!


Founded in 1930, Colonial Surety Company is a leading direct seller and writer of surety bonds and insurance products across the USA. Colonial is rated “A Excellent” by A.M. Best Company and U.S. Treasury listed.