Rail

Amtrak approved for $1.2B subsidy

Posted on November 17, 2003

Congressional negotiators approved $1.2 billion in subsidies for Amtrak, close to what railroad officials say they need to keep trains running and maintenance projects on track. "This number will allow us to continue to operate the national system. However, we will have to assess the impact of this funding level on our current budget over the next month or so," Amtrak's president, David Gunn, said in a statement. Congressional negotiators late Wednesday evening approved $1.2 billion for the rail service, $300 million more than the House of Representatives and the Bush administration supported, but $600 million less than what Amtrak said it needed, reported the Associated Press. Gunn said the $900 million pushed by the House and the Transportation Department would have forced the railroad to begin shutting down. The subsidy amounts of $760 million for operating expenses and $465 million for capital projects will be paid out in a series of grants.

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

More News

Report calls for new, expanded rail systems in Dallas-Fort Worth area

The projected cost of two of the new rail lines suggested would be about $3 billion, according to the Mobility 2045 report.

Study could help riders find right place to stand in before train arrives

Passengers stood in the best possible position on the platform when they received continuous, mostly visual information.

BART to add new ride quality monitoring tool

Incorporating cutting edge GPS and accelerometer sensors with an intuitive easy-to-use control software interface, dFuzion Inc.'s rMetrix effectively and efficiently assesses ride quality, comfort, and safety.

Wabtec, GE Transportation to merge

Union is expected to drive the advancement and implementation of technology solutions to improve safety, efficiency, and productivity for the transportation industry.

L.A. Metro marks Regional Connector milestone

The rail line, which is now 50% complete, is expected to serve 88,000 riders daily.

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