The state has received $121 million in federal funding for a high speed rail line from New Haven to Springfield, Mass., U.S. Sen. Christopher Dodd and other top state politicians announced today at a press conference at the Meriden train station.

In addition to the $121 million, the project has received $260 million from the state Bond Committee and $40 million in federal stimulus money, a combined total of $421 million. The line will run through Hartford, and continue to Vermont and Montreal, NBC reported.

Correction: October 25, 2010

An earlier version of this post misstated the name of the rail line. It is a high speed rail not a light rail.