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WATCH: Secretary Buttigieg, Gov. Northam give news conference at Virginia Amtrak station

Transportation Secretary Pete Buttigieg and Virginia Governor Ralph Northam gave a news conference Tuesday alongside leaders from Amtrak, CSX and Virginia Railway Express to announce a $3.7 billion investment to expand passenger, commuter, and freight rail in the state.

Watch the news conference in the video player above.

“We have an unprecedented opportunity to build a 21st century rail system in Virginia and along the entire East Coast,” Northam said. “This historic initiative will help get people and goods where they need to go more efficiently, reduce congestion and pollution, and create a more inclusive economy.”

Buttigieg called the plan to expand Virginia’s rail service a “transformational investment” that would reduce congestion and boost the economy, marking a “collaboration among federal, state and private sector partners,” that he said is “exactly what our country needs more of, and exactly what our communities deserve.”

Last Thursday Buttigieg called for a once in a generation infrastructure investment that would address a massive backlog in needed improvements for the nation’s roads, bridges and transit systems, while also tackling climate change.

Buttigieg avoided specifics on how it would be paid for, but said that the current level of investment poses “a threat to our collective future.”