Last edited by Aragis
Friday, August 7, 2020 | History

3 edition of How much Federal subsidy will Amtrak need? found in the catalog.

How much Federal subsidy will Amtrak need?

United States. General Accounting Office

How much Federal subsidy will Amtrak need?

report of the Comptroller General of the United States.

by United States. General Accounting Office

  • 271 Want to read
  • 28 Currently reading

Published by U.S. General Accounting Office in [Washington] .
Written in English

    Subjects:
  • Railroads -- United States -- Finance.

  • The Physical Object
    Pagination74 p. in various pagings ;
    Number of Pages74
    ID Numbers
    Open LibraryOL17814928M

    How much Federal subsidy will Amtrak need?: report of the Comptroller General of the United States. By United States. General Accounting Office. Abstract. Publication date stamped on cover."B""RED"Cover of access: Internet Topics: Railroads. Federal Commuter Benefits (Transit Subsidies) The public transit subsidy program — so-called because it primarily involves use of public transportation in commuting, although use of van pools and similar arrangements also are covered—has been in operation for many years in many agencies.

    Amtrak's headquarters is located one block west of Union Station in Washington, D.C. Amtrak serves more than destinations in 46 states and three Canadian provinces, operating more than trains daily o miles (34, km) of track. Amtrak owns approximately miles of this track and operates an additional miles of gauge: 4 ft 8 ¹⁄₂ in (1, mm) standard gauge.   In total, Amtrak received $ million in state subsidies last year, which amounts to 7% of its total revenue. Furthermore, Amtrak received roughly $ billion in federal grants in

    AMTRAK, America's government-run passenger rail service, received $ billion in taxpayer subsidies in Critics reckon that's too much, and say that the company should either be self. Amtrak is depending on a Capital Investment Program grant to finance a portion of the costs of building a new tunnel under the Hudson River between Newark, N.J., and New York Penn Station. A recent report estimates that NJ Transit, the project manager, will need an estimated $ billion to build the new tunnel and rehabilitate the existing.


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How much Federal subsidy will Amtrak need? by United States. General Accounting Office Download PDF EPUB FB2

Since its inception, Amtrak has had to rely on federal subsidies in order to operate. InAmtrak received $ billion dollars in federal money to. Book your business travel via your self-serve booking tool, or your TMC. When your reservation contains a federal government fare, it's free of our normal refund rules.

Your trip is % refundable when you travel with a federal government fare and you cancel prior to departure. Amtrak gets nearly $2 billion in federal subsidies, despite a spate of fatal accidents and vocal criticism about its : Bart Jansen. COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.

Only million take Amtrak’s long distance routes. Long distance routes, including the Southwest Chief, California Zephyr, and Empire Builder, required a subsidy of $ to $ per passenger.

Additional Physical Format: Print version: United States. General Accounting Office. How much Federal subsidy will Amtrak need?. [Washington]: U.S. General Accounting Office,   The cause of last week’s tragic crash of Amtrak train in Philadelphia remains unknown.

Some policymakers and pundits immediately pinned the blame on a lack of federal funding for the government-owned and -managed passenger rail operator. This week’s chart shows the annual amount of federal operating and capital funding that Amtrak has received since it was created by the.

The average taxpayer subsidy per Amtrak rider is $, or 40 percent of the total per‐ passenger cost. Even this figure doesn’t adequately express how hugely inefficient some long‐ distance. An inefficient and at times unreliable service, even billions of dollars in federal subsidies haven’t stopped Amtrak from continuing to lose tens of millions of dollars each year.

Republicans have claimed that they desire to end Amtrak funding, or at least to. DEALS & PROMOTIONS Amtrak travel deals, promotions and other partner offers. EVERYDAY DISCOUNTS Savings for Kids, Seniors, Military, Groups and More VACATIONS & RAIL TOURS Train vacation packages throughout North America MULTI-RIDES & RAIL PASSES USA Rail passes, monthly passes and multi-ride tickets.

Lawmakers appropriated more than $ billion in to subsidize intercity passenger rail services provided by the National Railroad Passenger Corporation—or Amtrak—including $ billion in grants for capital expenses and debt service, $ billion in grants for operating subsidies, and $ billion for disaster mitigation and repair work after Hurricane Sandy.

Amtrak proposes to spend $ million of its federal National Network grant on operating subsidies, with the bulk of that ($ million) subsidizing operating losses on long-distance trains.

$ million would go to subsidize operating losses on state-supported routes, and the other $ million would be spent on operating costs of infrastructure access and ancillary services.

Either way, the federal government would save the $ billion each year that it has been providing to Amtrak. After privatization, Amtrak will know that federal government subsidies are not. Per passenger mile, federal subsidies to Amtrak are 30 times greater than federal subsidies to airlines and times greater than federal subsidies to intercity buses, according to a new study from the American Bus study also reports that federal subsidies per passenger mile to public transit are 3, times greater than federal subsidies to autos.

After all, Amtrak has gotten nearly $1 billion a year in federal funds over its year existence. The per-ticket subsidy over the past five years has averaged nearly $ Mica compared that to other forms of transportation: Using data, he showed that the average per-ticket subsidy to aviation was $, for mass transit was 95 cents, and.

The $1 billion in annual subsidies have not covered all of Amtrak’s expenses, and the company has incurred an estimated $1 billion in non-federal debt. The bill authorizes $ million in federal funds to pre-pay Amtrak’s non-federal debt as the railroad has been unable to renegotiate favorable terms to result in savings.

As noted earlier, existing Amtrak partnerships with states have yielded significant success in both increased ridership and reduced need for federal subsidies. At present, there are 44 Amtrak. InAmtrak's Federal subsidy reached its highest point, $ million, or 52 percent of its budget.

The Reagan Administration then sought to reduce the subsidy by $ million. As a result, Amtrak spends money it doesn't have on services riders don't need. To take one of many examples, from to Amtrak lost more than $ million on food services alone.

Ap TIME TO TAKE AMTRAK SUBSIDIES OFF THE RAILS INTRODUCTION As have other Administrations b efore it, the Reagan White House has proposed to end Amtrak's costly federal subsidy. Source: Vranich & Hudgins, Help Passenger Rail by Privatizing Amtrak; Cato Institute, November Notes: 1.

TQ: Transitional Quarter 2. Loans (s) paid by federal appropriation (not Amtrak). 3. Loan inflation assumed from 4. inflation assumed at rate. WASHINGTON, April 29 (AP)—Amtrak operations over the next five years will require a Federal subsidy of at least $ billion, the General Accounting Office said today.How Much Federal Subsidy Will Amtrak Need?, RED, Ap Quality Of Amtrak Rail Passenger Service Still Hampered By Inadequate Maintenance Of Equipment, RED, June 8, Amtrak's Incentive Contracts With Railroads--Considerable Cost, Few Benefits, CED .