Intercity passenger rail : issues associated with a possible Amtrak liquidation

Details

• Corporate Creators:
  United States. Government Accountability Office
• Subject/TRT Terms:
  • Rail transit
  • Passenger trains
  • Railroad commuter service
  • Intercity transportation
  • Policy, legislation and regulation
  • Government funding
  • Financial analysis
  • Present value
  • Assessments
  • Amtrak Reform and Accountability Act of 1997
  More +
• Publication/ Report Number:
  GAO/ RCED-98-60
• DOI:
  https://doi.org/10.21949/1403059
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States
• TRIS Online Accession Number:
  00761120
• Corporate Publisher:
  United States. General Accounting Office
• NTL Classification:
  NTL-RAIL TRANSPORTATION-Rail Economics and Finance ; NTL-PUBLIC TRANSPORTATION-Transit Planning and Policy ; NTL-PUBLIC TRANSPORTATION-Rail Transit ; NTL-PUBLIC TRANSPORTATION-Social Impacts ; NTL-PUBLIC TRANSPORTATION-Transit Economics and Finances ; NTL-ECONOMICS AND FINANCE-Economic Impacts
• Abstract:
  The National Railroad Passenger Corporation (Amtrak) carries over 20 million ; passengers a year through the trains that it operates. It also provides services, ; such as dispatching, to state and local commuter rail operators. Since 1971, ; Amtrak has received over $20 billion in federal assistance to cover its ; operating losses and to make capital improvements. Yet Amtrak's financial ; condition has continued to deteriorate, raising the possibility of both ; bankruptcy and liquidation. In July 1997, Congress directed the General ; Accounting Office to examine and report the issues associated with a possible ; liquidation of Amtrak. Specifically, this report discusses (1) uncertainties ; in estimating the potential costs associated with a liquidation; (2) possible ; financial impacts on creditors, including the federal government; (3) possible ; financial impacts on participants in the railroad retirement and unemployment ; systems; and (4) possible impacts on intercity, commuter, and other rail service.
  More +
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/12577/dot_12577_DS1.pdf
• File Type:
  [PDF - 160.97 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:2ee7e960d1032a03011697ddd5c469a61be31e8ac3c851618eb6effa46ce805c