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Amtrak seeks $75B in federal funds to expand rail network, add new routes

by capitalizefinancial
May 28, 2021
in Sports
0

The company released its Amtrak Corridor Vision Thursday, detailing its 15-year proposal to use federal money to introduce 39 new routes to its network and add service to 160 new communities.

“Now is the time to invest in our country’s infrastructure and future,” Bill Flynn, the company’s CEO, said. “New and improved rail service has the ability to change how our country moves and provides cleaner air, less traffic and a more connected country.”

The plan calls for a $75 billion federal investment — the total cost of the project — to grow rail service across the United States. It also looks to improve service on 25 existing routes. Amtrak said the plan has “the potential to expand or improve rail service for 20 million additional passengers each year.”

President Joe Biden’s initial infrastructure proposal allocated $80 billion to “address Amtrak’s repair backlog; modernize the high traffic Northeast Corridor; improve existing corridors and connect new city pairs.”

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