Titans taking train

Heavyweights on track for railroad pic

They were once Wunderkinder of the 1970s on opposite ends of the filmmaking spectrum, but now long-time friends Martin Scorsese and Steven Spielberg have found a project on which they can collaborate.

Scorsese, who is shooting “Gangs of New York” in Italy, has agreed to direct and Spielberg, via DreamWorks, will produce “Into the Setting Sun,” a script to be penned by Bill Wittliff (“The Perfect Storm”). Project will be co-financed by DreamWorks and Warner Bros.

While no script exists yet, story will center on the birth and construction of the transcontinental railroad.

Wittliff has written such films as “Legends of the Fall,” “Country” and “The Black Stallion.”

Over the years, Scorsese and Spielberg have swapped projects: Spielberg and his Amblin Entertainment shingle were developing “Cape Fear” but later handed it over to Scorsese, who directed it for the company. And Scorsese was at one point attached to helm “Schindler’s List,” which wound up an Oscar-winning Spielberg pic.

Spielberg is prepping “A.I.,” to star Haley Joel Osment and Jude Law, from a sci-fi script penned by the late Stanley Kubrick.

Spielberg is repped by CAA, Scorsese by AMG, Wittliff by WMA.

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