New York lawmakers met this week with Transportation Secretary Ray LaHood to discuss the possibility of a high-speed rail link between Albany and Buffalo.

Transportation Secretary Ray LaHoodAccording to the Journal News, the high-speed link would need a third track for use by trains that travel up to 110-150 miles per hour. The link would allow passengers to travel between Rochester and Albany in under two hours.

No decisions have been made yet, LaHood said, but it certainly appears that a high-speed link is more financially feasible than a "bullet" train that would run at speeds of up to 200 mph. The high-speed line has an estimated price tag of $3 billion to $4 billion -- one fifth the price of a bullet train, which requires more infrastructure and a new right of way.