Intercity passenger rail : prospects for Amtrak's financial viability

Details

• Corporate Creators:
  United States. Government Accountability Office
• Subject/TRT Terms:
  • Intercity passenger cars
  • Passenger transportation
  • Passenger trains
  • Government funding
  • Subsidies
  • Financial analysis
  • Amtrak system
  • Commuter transportation
  • Financing
  • Passenger transportation
  More +
• Publication/ Report Number:
  GA0/RCED-98-211R
• Resource Type:
  Policy Statement
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. General Accounting Office
• Abstract:
  Since it began operations in 1971, the National Railroad Passenger Corporation (AmtraK0 has never been profitable and has received about $21 billion in federal subsidies for operating and capital expenses. Amtrak currently provides intercity passenger rail service along 40 routes that cover about 22,800 miles in 44 states and Washington, DC. Because of your continuing concerns about the financial stability of Amtrak, you asked us, along with others, to provide our comments on Amtrak's long-term financial viability. Specifically, as agreed with your office, we examined (1) Amtraks' current financial status amd (2) the outlook for its long-term financial viability. Our comments are primarily based on our recent work examining Amtrak's financial condition.
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/15595/dot_15595_DS1.pdf
• File Type:
  [PDF - 668.10 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:99f1aa70dd44931152125b314e1de906ca4169b73c6a8197b1d8aea1fefd7b97db6a6bdc62ecd1dd77f08c58389067862a1425ecb121c9272f831c6a5488ae18