Amtrak receives $563M loan for 70 Siemens trains

Posted on June 30, 2011

Amtrak received a $562.9 million loan under the Federal Railroad Administration’s Railroad Rehabilitation and Improvement Financing (RRIF) program, which will create hundreds of manufacturing jobs across several states, said U.S. DOT officials.

This is the largest loan issued through the RRIF program to date, and the dollars will finance the purchase of 70 high-performance, electric locomotives from Siemens Industry USA. These locomotives are more energy-efficient and will enable Amtrak to improve frequency, performance and reliability for regional and intercity routes along the Northeast and Keystone Corridors.

Siemens Industry USA is adding 250 new manufacturing jobs in order to design and build 70 new energy-efficient locomotives for Amtrak. Three of Siemens’ U.S. manufacturing plants will deliver the equipment order, with traction motors and gear units being produced in Norwood, Ohio, traction converters and braking choppers being built in Alpharetta, Ga., and final assembly of the locomotives in Sacramento, Calif.

The RRIF loan will also upgrade maintenance facilities and allow for the purchase of spare parts needed to support the new locomotives.

Suppliers from communities around the country will soon be tapped by Siemens Industry USA to provide components for the order, further boosting U.S. manufacturing. For example, PHW, Inc. a company based in East Pittsburgh, Pa., has already been contracted to manufacture safety-related parts for the locomotives.

“The RRIF program is a model of how we can leverage federal dollars to spur private investment and build up the economy,” said Federal Railroad Administrator Joseph C. Szabo. “It provides steady, affordable financing for major rail construction and expansion projects, and best of all, it comes at zero cost to the taxpayer.”

As part of a comprehensive plan to modernize and expand its fleet of equipment, the 70 Amtrak Cities Sprinter ACS-64 locomotives — still in the final design phase — will replace existing units that have been in service for 20-30 years with an average of 3.5 million miles traveled.

The electric locomotives will begin operating along regional and intercity routes in 2013 on the Northeast and Keystone Corridors, which together serve more than one million Amtrak passengers every month.

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

More News

Daktronics announces $3.2M NYCT signage order

The multi-colored LED displays, part of the subway system’s Public Address Customer Information System, will feature next train arrival and destination information as well as graphical information. A text to speech function aids visually impaired transit riders with clear and easy to access messaging.

Chicago's Metra completes charging station installation

To further enhance the agency’s customer connectivity options, Metra will also be installing free Wi-Fi in the waiting areas of downtown stations within 45 days, and it recently announced plans to test Wi-Fi on 11 cars systemwide before January 2016.

MBTA to deploy GIRO's HASTUS-Rail software

Keolis selected HASTUS-Rail after receiving on-site demonstrations of the software handling various scenarios that showed significant efficiency gains, cost savings and flexibility to adapt to Keolis’ operations, including compliance with the FRA’s hours of service regulations, according to the company.

Wabtec acquires Faiveley Transport

The strategic combination will create one of the world’s largest public rail equipment companies, with revenues of about $4.5 billion and a presence in all key freight rail and passenger transit geographies worldwide. 

Cummins ships first QSK95 engine for the rail market

The engine, rated at 4400 hp (3281 kW) will be delivered to Siemens® manufacturing facility in Sacramento, Calif., where it will be installed into a Charger® locomotive.

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



Work Truck Magazine

The resource for managers of class 1-7 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