REUTERS/Erin Scott/File Photo Acquire Licensing RightsNov 6 (Reuters) - U.S. President Joe Biden on Monday will announce the latest tranche of federal dollars to modernize key portions of the nation's busiest rail corridor that stretches from Boston to Washington DC. Biden is highlighting $16.4 billion in funding from the 2021 bipartisan infrastructure law for 25 passenger rail projects on Amtrak’s Northeast Corridor, which supports some 800,000 trips per day in a region that represents 20% of the nation's gross domestic product. "The bottom line is that for the over 200 million passengers who ride this rail corridor every year, these improvements are going to shorten travel times and improve reliability," U.S. Transportation Secretary Pete Buttigieg said in a statement. Monday's event marks at least the third time Biden has held an event to highlight funding the Northeast Corridor line, underscoring the president's personal connection with the corridor. He believes strongly in improving America's passenger rail and he knows the Northeast Corridor like no one else," White House infrastructure czar Mitch Landrieu said.

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Persons: Joe Biden, Finnegan, Maisy, Erin Scott, Biden, Pete Buttigieg, Frederick Douglass, Mitch Landrieu, Jarrett Renshaw, Lincoln Organizations: REUTERS, Washington DC, U.S . Transportation, Amtrak, Thomson Locations: Philadelphia , Pennsylvania, U.S, Boston, Washington, New York, Hudson, New Jersey, Maryland, Wilmington, Amtrak's Wilmington