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The Federal government paid the two railroad companies that built it by granting them sections (one square mile) on alternating sides of any tracks that they built. The railroad companies could do whatever they wanted with this land and often sold it off.

Many other western railroads were later funded the same way.

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8y ago
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10y ago

In May of 1869, the Central Pacific railroad and the Union Pacific railroad met each other in Utah, forming the first transcontinental railroad in the United States. With that said, those railroad companies had joint ownership of the transcontinental railroad.

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14y ago

Was owned by Central Pacific, and Union Pacific.

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12y ago

Union Pacific

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Q: Who were the owners of the transcontinental railroad?
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