Government Executive provides an interesting breakdown of how Amtrak's economic stimulus money will be spent. The legislation signed into law earlier this week by President Obama gives the railroad $1.3 billion in direct appropriations.
$450 million will go toward security improvements and the rest ($850 million) for capital improvements. Of the latter figure, 60 percent will be spent on the Northeast Corridor, Amtrak's busiest line.
According to the report, Amtrak could see additional money from the $8 billion appropriated for high-speed rail projects. Transportation Secretary Ray LaHood has the final call on how that pool of money will be allocated. An additional $288 million could be headed toward the Boston - Washington line as the result of a change in the law making Amtrak eligible to issue tax-exempt bonds to finance "high-speed rail facilities" along that route.
Great Advice from “A Bronx Tale.”
3 hours ago