Amtrak CEO outlines plans for spending $66 billion from infrastructure funding

France Nouvelles Nouvelles

Amtrak CEO outlines plans for spending $66 billion from infrastructure funding
France Dernières Nouvelles,France Actualités
  • 📰 YahooNews
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 59%

Amtrak plans to use the $66B in funding it receives from the newly passed federal infrastructure bill to advance rail projects along the Northeast Corridor and possibly expand service to 160 communities across the country

or and possibly expand service to 160 communities across the country, the head of the passenger rail service said.“We have a clear vision for how we want to grow our business and reach more of America,” Amtrak CEO Bill Flynn said in a statement to NBC News on Sunday.night, sending the legislation to President Joe Biden who is expected to quickly sign the measure into law.will ramp up government spending on roads, bridges and airports, as well as public transit, water systems and broadband.

Those initiatives include the Hudson Tunnel Project, which would rehabilitate the existing tunnel under the Hudson River that carries Amtrak and New Jersey Transit passenger trains between New Jersey and New York, and the Connecticut River Bridge Replacement Project, which would replace the existing 107-year-old bridge between different parts of the state.

“This is a down payment on literally decades of underinvestment,” the association's president, Jim Mathews, said. "We are catching up on stuff we should have been paying for.” Amtrak officials said there will be new passenger equipment for state-supported and long-distance trains, and a new corridor development program to identify new routes across the nation.

The funding for grant programs and corridor development is meaningful and nothing like this has been seen in several years, said Dominic Spaethling, chair of the passenger rail committee for the Transportation Research Board and vice-president of design firm HNTB Corp.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

YahooNews /  🏆 380. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Sydney Airport agrees to $17.5 bln buyout as Australia begins reopeningSydney Airport agrees to $17.5 bln buyout as Australia begins reopeningSydney Airport Holdings said on Monday it has agreed to accept a A$23.6 billion ($17.5 billion) takeover bid from an infrastructure investor group in one of Australia's biggest buyouts.
Lire la suite »

Toshiba's top shareholder says undecided whether to support breakupToshiba's top shareholder says undecided whether to support breakupToshiba Corp's biggest investor Effissimo Capital Management said on Saturday it has not decided whether to support plans outlined by the Japanese industrial conglomerate to split into three companies.
Lire la suite »

Biden plans to appoint an outside official to oversee implementation of massive infrastructure billBiden plans to appoint an outside official to oversee implementation of massive infrastructure billPresident Joe Biden said Friday that he plans to appoint an official from outside his administration to oversee implementation of the large infrastructure bill he intends to sign on Monday.
Lire la suite »

Roblox founder and CEO: Our business plan 17 years ago predicted the rise of metaverseRoblox founder and CEO: Our business plan 17 years ago predicted the rise of metaverseRoblox is 'really focused on the innovation to drive and shepherd this vision of what some people call the metaverse ... forward,' CEO David Baszucki told CNBC.
Lire la suite »

Pam Habner Wants Credit Cards to Be PersonalPam Habner Wants Credit Cards to Be Personal“Work-life balance is not really achievable. But I believe in this notion of ‘balance over time.’ Your career is a highway, and it’s perfectly fine to move the car into a slow lane occasionally, because you can always move back into the fast lane”
Lire la suite »

Editorial: A ballot-box budgeting proposal for arts education? Let's stop it before it startsEditorial: A ballot-box budgeting proposal for arts education? Let's stop it before it startsA proposed ballot initiative would dedicate part of the state's general fund to arts education, which means California couldn't spend the money on something else it might need more down the road.
Lire la suite »



Render Time: 2025-03-11 02:27:23