Rail

Committee approves $6 billion for Amtrak

Posted on June 26, 2003

A key House committee approved Wednesday a bipartisan $6 billion proposal for Amtrak for the next three years, reported Reuters. "It is my hope that the funding authorized in this bill will allow a last-chance window of opportunity for an Amtrak turnaround," said Rep. Don Young, an Alaskan Republican and chairman of the Transportation Committee. The measure would meet the first three years of Amtrak's five-year, $8 billion budget to operate its trains and repair the infrastructure of its heavily traveled line between Washington and Boston, said the news service. The Bush administration has proposed dismantling the passenger rail service, which is $4 billion in debt, instead of continuing to subsidize it. As a condition of its $1.05 billion subsidy for the current fiscal year that ends September 30, the administration has required that Amtrak reform its business practices, Reuters reported. "Although serious disagreements still exist about Amtrak's long-term management strategy and structure, there is a common understanding of the need for long-term funding," Young said.

View comments or post a comment on this story. (0 Comments)

More News

Sound Transit Link light rail extension lands $75M grant

Construction is expected to begin in Fall 2018, with revenue service targeted for 2022.

Amtrak 'refreshes' interiors of Acela Express trains

The Acela Express refresh is a 14-month program for all of its 20 trainsets, which includes 100 Amtrak cars and 6,080 total seats.

FRA issues $250M Notice of Funding Opportunity for PTC projects

Fourteen railroads report they have installed 100 percent of the hardware necessary for PTC system implementation, as of March 31, 2018.

Brightline partners with Lyft for ridesharing at stations

Lyft will have designated pickup and drop-off locations at Brightline stations in Miami, Fort Lauderdale, and West Palm Beach.

Sound Transit breaks ground on new light rail ops., maintenance facility

The design-build team of Hensel Phelps Construction Co., Stantec, and partners will deliver the new $218 million OMF East.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close