The head of a private venture to build a high-speed magnetic-levitation train between Washington and Baltimore believes the project could break ground in as little as three to four years.

Baltimore-Washington Rapid Rail Chairman Wayne Rogers tells The Daily Record of Baltimore the company is starting to plan the route, assess potential environmental impacts and will eventually prepare for public meetings about the train route in which passengers could be transported between the two cities in 15 minutes.

The company has already been given a $27.8 million grant from the Federal Railroad Administration for pre-construction planning. The Japanese government also pledged $2 million for the project last month.

Maglev trains use magnetic technology that allows them to hover above tracks, reaching speeds of more than 300 miles per hour.