Word: railings
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...high-speed, viable and operationally profitable” national rail system would cost $1.5 billion per year, former Democratic presidential candidate Michael S. Dukakis said at a Kennedy School of Government luncheon yesterday...
Both airlines and highways have dedicated sources of federal funding: gasoline and ticket taxes. Until rail gets its own lifeline--like an extra penny of federal gasoline tax, which would bring in more than $1 billion a year--Amtrak may have to continue "fighting for table scraps," as CEO George Warrington puts...
Members of Congress have proposed a host of bills to fix that, by giving Amtrak and the states anywhere from $20 billion to $70 billion in tax-exempt bonds and loan guarantees. But despite a diverse coalition of passenger-rail supporters, from Senate majority leader Tom Daschle to his Republican counterpart Trent Lott, it's unlikely that Amtrak will control all the funding or that it will survive much longer in its current form...
...passenger-rail market is still too small and fragile to have multiple carriers enter routes between cities, as the airlines have. But separate regions that have already formed high-speed corridors could open up their service contracts to competitive bidding--as many now do with commuter service--from a scaled-down Amtrak or private companies that operate commuter and passenger-rail services around the world, such as Connex and Herzog. "We see potential there, and we'd like to see opportunity," says Jim Stoetzel, a vice president at Connex North America, a division of France's Vivendi, which runs passenger...
Since 1996, 21 states, led by California, have invested almost $1 billion in intercity-rail projects in conjunction with Amtrak. Illinois, for instance, is helping finance a $400 million high-speed link between Chicago and St. Louis. If Congress would provide matching funds, the states would have added incentive to invest. In high-density parts of the Midwest, Florida, Texas and the West Coast, intercity rail could gain 20% to 30% of the travel market--just as Amtrak commands 40% of mass-transit trips between New York City and Washington...