The project has begun looking for funding and has begun talks with the local municipalities about the planning and alignment of the railway. The railway would run double tracked from the airport, roughly parallel to the current road, and would then be placed in tunnels from Hafnafjörður with a terminal at Reykjavík's main bus station BSÍ. The maximum operating speed is 250 km/h, and the journey would take 15 minutes. In 2015 "Fluglestin Þróunarfélag ehf." was created with the intention of acquiring funding for the project and planning. The proposed English name for the project is "Lava Express". If the project goes on as planned construction should start in 2020. In 2019, all municipalities the rail line would pass through have approved a cooperation agreement on zoning related to the project except Hafnarfjörður, with "Morgunblaðið" reporting that a meeting with the mayor of Hafnarfjörður has been scheduled. Once fully agreed, construction work could begin as early as 2022. There have also been serious proposals for a light rail system for the Capital Region (Reykjavík, Kópavogur, Hafnafjörður). In the Samtök Sveitarfélaga á Höfuborgasvæðinu's(Association of municipalities in the Capital Area) master plan for the capital area, Höfuborgasvæðið 2040, the transport section outlines a plan to create a light rail/BRT system in the Capital Area. The mayors of the respective municipalities have agreed to this masterplan and have shown interest in this proposal and it is currently in a planning stage. There has been pressure put on Alþingi and the municipalities to clarify on how the project will be funded.