Since it began operations in 1971, the National Railroad Passenger Corporation (Amtrak) has never been profitable and has received about $21 billion in federal subsidies for operating and capital expenses. Amtrak currently provides intercity passenger rail service along 40 routes that cover about 22,800 miles in 44 states and Washington, D.C. Because of your continuing concerns about the financial stability of Amtrak, you asked us, along with others, to provide our comments on Amtrak's long-term financial viability. Specifically, as agreed with your office, we examined (1) Amtrak's current financial status and (2) the outlook for its long-term financial viability. Our comments are primary based on our recent work examining Amtrak's financial condition.


    Access

    Access via TIB

    Check availability in my library


    Export, share and cite



    Title :

    Intercity Passenger Rail: Prospects for Amtrak's Financial Viability


    Publication date :

    1998


    Size :

    12 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English