Intercity passenger rail : Amtrak faces challenges in improving its financial condition : statement of Phyllis F. Scheinberg
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1999-10-28
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Abstract:The Rail Passenger Service Act of 1970 created Amtrak as the nation's intercity passenger railroad. The act, as amended, gave Amtrak a number of goals, including providing modern, efficient intercity passenger rail service; giving Americans an alternative to automobiles and airplanes to meet their transportation needs; and minimizing federal operating subsidies. Today, Amtrak provides intercity passenger service along 42 routes in 45 states. Like all major national intercity rail services in the world, Amtrak receives substantial government support. From 1971 through October 1999, the federal government has provided Amtrak with over $23 billion in financial assistance. this includes (1) about $2.2 billion in fiscal years 1998 and 1999 through the TRA for capital improvements and the mainatenance of existing equipment in intercity passenger rail service, among other things, and (2) a $571 million fiscal year 2000 capital appropriation.
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