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13 Oct 2023

Amtrak Details Ambitious Plans to Triple Capital Spending in Next Two Years

Amtrak Details Ambitious Plans to Triple Capital Spending in Next Two Years

Amtrak has embarked on an ambitious two-year plan to triple its annual investment in infrastructure—growing it from $2 billion in fiscal 2023 to more than $6 billion by fiscal 2025. The increased spending is needed to meet its goal to double ridership by 2040. 

“To double our ridership means we need to invest about $50 billion into our infrastructure, our maintenance facilities and our fleet nationwide,” said Laura Mason, Amtrak executive vice president of capital delivery. 

Mason—who revealed details of Amtrak’s upcoming program at ENR’s second annual NY/NJ Infrastructure Forum held on Sept. 15 in Manhattan—is also doubling the size of her department to handle the flood of project design and delivery to come. The rail operator received $66 billion under the 2021 federal infrastructure law—the largest investment Amtrak has received since its founding more than 50 years ago.

Read More at ENR New York


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