Intercity passenger rail : issues associated with a possible Amtrak liquidation

United States. Government Accountability Office

doi:10.21949/1403059

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Intercity passenger rail : issues associated with a possible Amtrak liquidation

1998-03-01
By United States. Government Accountability Office

[PDF-160.97 KB]

English

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Details:

Corporate Creators:

United States. Government Accountability Office
Subject/TRT Terms:

[+]

Amtrak Reform And Accountability Act Of 1997 Assessments Financial Analysis Government Funding Intercity Transportation National Railroad Passenger Corporation Passenger Trains Policy, Legislation And Regulation Present Value Railroad Commuter Service Rail Transit
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.
Format:

PDF
Collection(s):

US Transportation Collection
Main Document Checksum:

[+]

urn:sha256:2ee7e960d1032a03011697ddd5c469a61be31e8ac3c851618eb6effa46ce805c
Download URL:

https://rosap.ntl.bts.gov/view/dot/12577/dot_12577_DS1.pdf
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Intercity passenger rail : issues associated with a possible Amtrak liquidation

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