North Coast Hiawatha Restoration: A Solid Return for Taxpayers and Business

Details

• Creators:
  Mathews, Jim ; Aiello, Joseph ; Jeans-Gail, Sean ; Hirschfeld, Joshua ; Cohen, Sophia A
• Corporate Creators:
  Rail Passengers Association ; Georgia Tech
• Subject/TRT Terms:
  • Railroads
  • Economics
  • Passengers
  • Capital expenditures
  • Expenditures
  • Coasts
  • Benefits
  • Taxes
  • Revenues
  • Costs
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States ; Montana ; North Dakota
• Corporate Publisher:
  Rail Passengers Association
• Abstract:
  Rail Passengers assesses that restoring the North Coast Hiawatha as a daily Amtrak service would generate $271 million each year in economic benefits to the seven states served while costing Amtrak roughly $68 million per year to operate – a cost offset 66% by collection of $41 million each year in fares and other customer revenue. As many as 426,000 passengers can be expected to take this train each year once it reaches a steady state of operation, including perhaps as many as 29,000 new passengers who would not otherwise travel at all using any travel mode if the train did not exist.
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/78277/dot_78277_DS1.pdf
• File Type:
  [PDF - 1.89 MB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:46ab0c769ec3450b23f00ada5194d300a83eac01b5d60ea1d3068cad2def6284bf2fd9b3378601ee4b8c3539f16ea22c79adca037dfe9f7cf67c7851970ba76a