So who was the governing body trying to push it through?
Replies
NEC future was an FRA EIS
sep 3, 2025, 1:13 pm • 2 0 • view
So NEC future has nothing to do with Amtrak on paper?
sep 3, 2025, 1:18 pm • 0 0 • view
NEC future was an FRA directed tier I EIS on which Amtrak and the corridor operators were consulted.
sep 3, 2025, 1:22 pm • 2 0 • view
Does Amtrak have the teeth or legal authority to propose this on their own?
sep 3, 2025, 1:28 pm • 1 0 • view
Sure Amtrak can propose whatever it wants and has full eminent domain authority.
sep 3, 2025, 1:28 pm • 0 0 • view
But it doesn’t have the money without Congress hence
sep 3, 2025, 1:32 pm • 1 0 • view
Sure it needs a funding source: annual grant and FRA discretionary grants are the most common but Amtrak is also empowered to take out loans etc
sep 3, 2025, 1:34 pm • 0 0 • view
It would need unencumbered assets?
sep 3, 2025, 1:35 pm • 1 0 • view
It managed to take out a 2.4 billion dollar loan to buy the new acelas.
sep 3, 2025, 1:43 pm • 0 0 • view
Not from the private market? That was a DOT loan?
sep 3, 2025, 1:44 pm • 2 0 • view