neroden
Engineer
So, I don't know if anyone remembers, but Amtrak got $1.39 billion from the Feds in 2016. For 2017, Amtrak is getting $1.5 bilion if the House budget passes -- and historically that number either stays the same or increases in the Senate. There does seem to be more stupid micromanagement (limits on overtime == having to hire more employees).
With Amtrak's continued improvements in internally covering costs, and an extra $110 million, this is looking pretty good. Amtrak pays off the Penn Station mortgage in June which is another shot in the arm for the budget. And Amtrak has access to commercial borrowing. It is completely plausible that Amtrak might have enough funding to start to order some new rolling stock.
TIGER grants are funded at $500 million. There are $98 million in general rail safety grants (grade separations, etc.) some of which might benefit Amtrak. FTA funding is up from last year (by a little), which is excellent for urban rail.
With Amtrak's continued improvements in internally covering costs, and an extra $110 million, this is looking pretty good. Amtrak pays off the Penn Station mortgage in June which is another shot in the arm for the budget. And Amtrak has access to commercial borrowing. It is completely plausible that Amtrak might have enough funding to start to order some new rolling stock.
TIGER grants are funded at $500 million. There are $98 million in general rail safety grants (grade separations, etc.) some of which might benefit Amtrak. FTA funding is up from last year (by a little), which is excellent for urban rail.
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