The S-Line project is underway in NC and VA. It will rehabilitate an abandoned line (the former Seaboard Coast Line) to allow faster travel between Raleigh and Richmond. It won't be electrified but will allow trains to run at up to 110 mph/177 kph which is a big improvement over the current 60-70 mph (when the passenger train isn't being delayed by a freight train).
They are currently doing a couple of grade-separation bridge projects in north Raleigh and some minor curve straightening. Since the S-Line is not currently being used they can straighten many of the curves since there won't be any impact to existing operations.
The S-Line right of way is owned by CSX and they will be running freight on it. The budget wasn't there to acquire all of it by NCDOT and VA and dedicate it to passenger service.
https://www.ncdot.gov/divisions/rail/s-line-projects/raleigh...
https://vapassengerrailauthority.org/projects/richmond2ralei...