Rail

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

Former Santa Clara VTA chief hired to oversee Honolulu rail project

Michael Burns will be responsible for overseeing the rail project’s finances, as well as the functioning of the Honolulu Authority for Rapid Transportation board.

Alstom to extend Algeria's Constantine Tramway

Alstom, which will extend the tramway by 6 miles, will supply the integrated system, tracks, catenaries, telecommunications and signalling, substations and ticketing equipment.

$8.2B invested along 20 miles of Valley Metro light rail

Economic development within one-half mile of the system has been stimulated by ridership that has exceeded original projections. Valley Metro began compiling development activity since construction started in 2005 as part of an economic development database.

Alstom to deliver 17 trains to Algeria

The Coradia Polyvalent for Algeria is a dual-mode train (diesel and electric, 25 kV) able to travel at speeds up to 99 mph. The train has six carriages and provides capacity for 265 passengers.

Fla.'s TriRail adds bike car

The new bike car contains 14 racks that will provide more room to maneuver bicycles on and off the train. A set of seats were removed from the lower level of the vehicle to make room for the bike racks.

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 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