Conrail has expressed a need for $1.3 billion in addition to the $2.0 billion appropriated in 1976. Financial projections made by the United States Railway Association in 1976, when Conrail began operating, assumed that $2.0 billion would be all of the Federal assistance that the railroad would need to become self-supporting. Because of this probable change in Conrail's financial outlook, the Congress should reassess the information which it needs to fulfill its oversight responsibilities. This study shows that to be able to make its own assessments of the prospects for Conrail's profitability, the Congress will need information and analysis explaining how Conrail's experience matches key assumptions underlying the financial projections.

Media Info

  • Pagination: 27 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00180521
  • Record Type: Publication
  • Source Agency: National Technical Information Service
  • Report/Paper Numbers: PAD-78-52
  • Files: TRIS
  • Created Date: Aug 19 1978 12:00AM