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SUBJECT:
Amtrak May Receive High-Speed Rail Money
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FROM:
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mmuldoon@rosemontseneca.com
DATE:
2011-04-28 22:19:50
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<BANLkTi=m272-i5BdGhvyqFWU831ZD8X=tA@mail.gmail.com>
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Eric Schwerin
<eschwerin@rosemontseneca.com>
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Hunter Biden
<hbiden@rosemontseneca.com>
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Amtrak May Receive High-Speed Rail Money by Armin Rosen on Thursday, April 28, 2011 at 1:15 PM Florida might have rejected close to $2 billion for a high-speed rail project. But the Wall Street Journal is reporting that $1.3 billion of it could be allocated to Amtrak, which would mark the first time the national rail carrier has received federal money specifically for high-speed rail development. Unsurprisingly, the money would likely go towards increasing the speed of trains on the heavily-trafficked passenger corridor between Washington, DC and Boston. Improving Amtrak’s most popular line makes a lot of sense: last year, 10 million passengers traveled on the Northeast Corridor out of a total ridership of just under 30 million; the second and third-most popular rail corridors, both in California, carried 2.6 and 1.5 million passengers, respectively. An article from earlier this month in Railway Gazette goes into detail about just how the Northeast Corridor can be primed for high speed rail, assuming the Florida money is eventually awarded to Amtrak. An over 100 year-old drawbridge over the Hackensack River, a “major bottleneck” because of a lack of adequate track space and the fact that it sometimes has to open for high-clearance ships, would have to be replaced, at the cost of around $720 million. And the state of New York is asking for $517 million to build a bypass around a notoriously clogged rail interchange in Queens, a project that would cut off travel time between Boston and New York. And both Amtrak and the state still want money for the Moynihan Station project, the proposed replacement for New York’s Penn Station that’s weathered a series of delays and financial troubles. The Railway Gazette article gives the impression that America’s premiere rail corridor is need of some serious but affordable upgrading. But as a route that accounts for over a third of all Amtrak ridership, it’s also one corridor where there could be the political and economic conditions for completing a real high-speed rail project. Florida might have rejected its high-speed rail money—but it’s money that could still go towards essential development for the country’s passenger rail infrastructure. . -- Mike Muldoon Rosemont Seneca Partners, LLC 1010 Wisconsin Ave., NW Suite 705 Washington, DC 20007 (202) 333-1880 mmuldoon@rosemontseneca.co
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