North America's first transcontinental railroad (known originally as the "Pacific Railroad" and later as the "Overland Route") was a 1,912-mile (3,077 km) continuous railroad line constructed between 1863 and 1869 that connected the existing eastern U.S. rail network at Council Bluffs, Iowa with the Pacific coast at the Oakland Long Wharf on San Francisco Bay.[1] The rail line was built by three private companies over public lands provided by extensive US land grants.[2] Construction was financed by both state and US government subsidy bonds as well as by company issued mortgage bonds.
-Wikipedia