The Past and Future of U.S. Passenger Rail Service
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2003-09-01
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Abstract:This Congressional Budget Office (CBO) study?prepared at the request of the Senate Budget Committee?reviews past policies toward Amtrak and the fundamental economics of passenger rail service. The review suggests that there are only limited conditions under which passenger
rail service in the United States could be economically viable without subsidies. This study also explores the implications of four options for future federal support of passenger rail, ranging from eliminating federal subsidies to funding a massive expansion of rail service. In keeping with CBO?s mandate to provide objective, impartial analysis, the study makes no recommendations.
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