The Department of Transportation proposes that the Northeast Corridor (NEC) rail line be upgraded and new vehicles be acquired so that high-quality, frequent, high speed passenger train service can be provided between Washington and Boston and intermediate points. Track upgrading projects will include the complete installation of welded rail, signal improvements, increased banking on curves, additional crossovers, complete fencing, and electrification. The rail system has the capacity to carry substantially greater numbers of intercity passengers, while taking almost no land, creating less air and noise pollution, minimizing energy consumption, and providing a high level of safety. To seize upon this opportunity to provide a highly beneficial service to the region, however, requires Federal Assistance. The financial plan to make the improvements calls for Federal guaranteed loans of about $700 million. Financial projections for the program show that revenues will be sufficient to cover operating expenses, recover the capital, and create a surplus.

  • Corporate Authors:

    Department of Transportation

    1200 New Jersey Avenue, SE
    Washington, DC  United States  20590
  • Publication Date: 1973-1

Media Info

  • Features: Appendices; Figures;
  • Pagination: 8 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00051898
  • Record Type: Publication
  • Files: TRIS, USDOT
  • Created Date: Apr 9 1974 12:00AM