INTERCITY PASSENGER RAIL: AMTRAK'S FINANCIAL CRISIS THREATENS CONTINUED VIABILITY. TESTIMONY

This is the statement of Phyllis F. Scheinberg, Associate Director, Transportation Issues, Resources, Community, and Economic Development Division, General Accounting Office (GAO), before the Committee on Finance, U.S. Senate, on Amtrak and the future of intercity passenger rail in the United States. The testimony presents preliminary information from GAO's ongoing work looking at Amtrak's progress in freeing itself from federal operating subsidies and achieving operating self-sufficiency. An update is presented of GAO reports on Amtrak's financial condition and progress toward self-sufficiency; comments are made on Amtrak's need for, and use of, capital funds; and some of the factors that will play a role in Amtrak's future viability are discussed.

• Record URL:
  • http://www.gao.gov/docdblite/summary.php?recflag=&rptno=T-RCED-97-147
• 
• Record URL:
  • https://rosap.ntl.bts.gov/view/dot/16113
• Corporate Authors:

  U.S. General Accounting Office

  441 G Street, NW
  Washington, DC  United States  20548
• Authors:
  • Scheinberg, P F
• Publication Date: 1997-4-23

Language

• English

Media Info

• Features: Appendices;
• Pagination: 20 p.

Subject/Index Terms

• TRT Terms: Capital investments; Financial analysis; Intercity transportation; Operating subsidies; Passenger transportation; Testimony
• Identifier Terms: Amtrak
• Subject Areas: Finance; Operations and Traffic Management; Passenger Transportation; Railroads;

Filing Info

• Accession Number: 00738014
• Record Type: Publication
• Report/Paper Numbers: GAO/T-RCED-97-147
• Files: NTL, TRIS
• Created Date: Jun 26 1997 12:00AM