TITLE

Amtrak's $8 Billion Operating Plan Calls on States to Increase Funding

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/29/2003, Vol. 344 Issue 31624, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Amtrak Corp.'s president David L. Gunn released an 8 billion dollar, five-year capital improvement and operating plan last week as of April 29, 2003 that would not permit any new service unless any related operating loss is fully covered by the state or states it serves. The plan is primarily designed to upgrade track conditions, mostly between Washington and Boston, repair wrecked passenger rail cars, and cut operating losses by roughly 94 million dollar. The costs of certain state-supported trains which are not fully covered by a state or states will be covered by Amtrak Corp. The strategic plan focuses on running a fiscally tight business and bringing the railroad to a state of good repair so that it costs less to operate and less for taxpayers to support it.
ACCESSION #
9722813

 

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