The CEO of Amtrak Thinks Americans Are Ready for Trains Again
SlateWilliam J. Flynn took over as CEO of Amtrak at the worst possible time. But in terms of underlying core infrastructure, we’ve got several bridges that are over 100 years old, we need essentially new tunnels, and that urgency is not going away. The latest estimates that I saw was that the new tunnel would cost $11.1 billion, which is almost $5 billion a mile, and that’s many times the cost of similar projects in other countries. It didn’t ultimately relieve them of an obligation to provide passenger rail, but it allowed them to transfer the passenger rails obligations to Amtrak. And then the bargain in return was you don’t have to provide that passenger rail service, but you do have to provide Amtrak the right to access the tracks and to provide preference to Amtrak trains over freight trains.