Titles the act the “Train Infrastructure Acceleration Act” and sets out the act’s purpose. Requires the Department of Transportation (DOT) to expedite the implementation of the Corridor Identification Program routes with the goal of enhancing rail connectivity across North Carolina.

Allocates an additional State allocation of $1 million to each of the seven specified routes for comprehensive engineering, feasibility studies, and initial development efforts.

Requires DOT to report annually by December 1 to the specified NCGA committee and division on the use of the funds, advancements in the studies, and any federal funding.

Appropriates $7 million from the General Fund to DOT.

Effective July 4, 2024.