Feds Doling out $2.3 Billion to ‘Expand and Modernize’ Intercity Passenger Rail
The federal government is looking to dole out nearly $2.3 billion to “expand and modernize” intercity passenger rail across the country.
But a leading transportation analyst says that Amtrak, the nation’s passenger railroad, doesn’t have any plans to break even.
The Federal Railroad Administration (FRA) announced the money in a Notice of Funding Opportunity published in the Federal Register. The money, part of the Federal-State Partnership for Intercity Passenger Rail Grant Program, is from the Infrastructure Investment and Jobs Act, which some lawmakers call the Bipartisan Infrastructure Law.
“This is a historic opportunity to modernize intercity passenger rail and Amtrak service to underserved communities across the nation,” Amtrak CEO Stephen Gardner said in a statement….