GAO: Amtrak Bonds Could Cost More Than Expected
- Future of $10 Billion Amtrak Bond Deal a Little Cloudy. Sanchez, Humberto // Bond Buyer;10/17/2000, Vol. 334 Issue 30997, p5
Reports on the uncertain future of a proposal to allow Amtrak to issue up to $10 billion in taxable tax-credit bonds for high-speed rail projects. Need for the United States Congress and the White House to agree on an omnibus spending and tax package; Strong endorsement by the Bill Clinton...
- Amtrak-line backers make their mark. Blake, Laura // Grand Rapids Business Journal;6/26/95, Vol. 13 Issue 26, p1
Reports on the petition before the Michigan Transportation Commission to keep Amtrak's Pete Marquette line operational until September 30, 1995. Response to Amtrak's request for additional state funding to overcome a $150,000 operational funding deficit; Formulation of a marketing plan for...
- End of the line for Amtrak subsidies? Love, Jean; Cox, Wendell // USA Today Magazine;Jul97, Vol. 126 Issue 2626, p10
Discusses the status of Amtrak and its federal subsidies as of July 1997. The history of Amtrak, started in 1970 by the United States Congress as a publicly owned for-profit company; How Amtrak is unique among forms of intercity transportation; Amtrak's request of Congress; Ten myths that are...
- Amtrak headed for financial derailment. // Business Journal Serving Fresno & the Central San Joaquin Valley;1/4/2002, Issue 322873, p26
Editorial. Focuses on the financial problems experienced by Amtrak in the United States. Passage of the Amtrak Reform and Accountability Act; Infusion of funding by the government; Options available to the company.
- Amtrak desperately seeks funding. Takemoto, Paul; Edleson, Harriet // Travel Agent;3/17/97, Vol. 285 Issue 7, p125
Reports on the US General Accounting Office's (GAO) release of a study showing that Amtrak needs substantial funding in order to survive. Decline in Amtrak's operating deficits; Amtrak's reliance on federal fuel tax as a capital funding source.
- Amtrak covets fuel tax. // ENR: Engineering News-Record;9/25/95, Vol. 235 Issue 13, p23
Reports on Amtrak Corp.s desire to tap the federal motor fuels tax for capital needs. Desire on one-half cent of the two and a half cents-per-galon tax that will shift to the Highway Trust Fund; Opposition to the move.
- Cities scramble to keep Amtrak service. Ringer, Richard // Crain's Chicago Business;4/17/95, Vol. 18 Issue 16, p9
Reports on Amtrak's service cut plans to overcome annual budget deficit. Elimination of the Chicago-Springfield-Saint Louis Statehouse train; Reduction in the days of service; US Congress' threat to reduce Amtrak's funding.
- Why Amtrak needs that half-penny of the federal gas tax. Vantuono, William C. // Railway Age;Jan96, Vol. 197 Issue 1, p16
Focuses on cost of Amtrak's Northeast High Speed Rail Improvement Project. Cost of north-end improvements; Cost for improving the capacity of the north end; Rehabilitation of the infrastructure; Cost of repairing the south end.
- Whither Amtrak? Boyce, Clayton // Traffic World;08/04/97, Vol. 251 Issue 5, p5
Editorial. Comments on the $2.3 billion capital improvements Congressional negotiators have agreed on to finance and restructure the government-owned rail passenger company, Amtrak. Sources of the fund; Implications of the Amtrak deal to shippers; Three things that Congress should do about Amtrak.