Monday, April 20, 2026
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Members
  • Sign in
  • Login
Westfair Communications
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 40 Under Forty
    • 2026 Doctors of Distinction
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
        • 2026 Real Estate
        • 2026 Women in Power
      • 2025
        • 2025 Hispanic Innovators
        • 2025 Doctors of Distinction
        • 2025 C-Suite Awards
        • 2025 Women Innovators
        • 2025 40 Under Forty
        • 2025 Millennial & Gen Z
        • 2025 Real Estate
      • 2024
        • 2024 Doctors of Distinction
        • 2024 Women Innovators
        • 2024 40 Under 40
        • 2024 Real Estate
        • 2024 Women In Power
      • 2023
        • 2023 Women In Power
        • Milli + Genz
        • Women Innovators
        • Forty Under 40
        • Doctors of Distinction
        • Real Estate
      • 2022
        • 2022 Millennial + GenZ Awards
        • 2022 C-Suite Awards
        • 2022 Doctors of Distinction
        • 2022 THE FUTURE OF REAL ESTATE
        • 2022 FORTY UNDER 40
      • 2021
        • 2021 FORTY UNDER 40 VIRTUAL EVENT
        • 2021 TOP WEALTH ADVISORS Virtual Event
        • 2021 Milli + GenZ Awards
        • 2021 C-SUITE
        • 2021 DOCTORS OF DISTINCTION
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBEACT NOW
    • NEWSLETTERS
    • DIGITAL ACCESS
No Result
View All Result
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 40 Under Forty
    • 2026 Doctors of Distinction
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
        • 2026 Real Estate
        • 2026 Women in Power
      • 2025
        • 2025 Hispanic Innovators
        • 2025 Doctors of Distinction
        • 2025 C-Suite Awards
        • 2025 Women Innovators
        • 2025 40 Under Forty
        • 2025 Millennial & Gen Z
        • 2025 Real Estate
      • 2024
        • 2024 Doctors of Distinction
        • 2024 Women Innovators
        • 2024 40 Under 40
        • 2024 Real Estate
        • 2024 Women In Power
      • 2023
        • 2023 Women In Power
        • Milli + Genz
        • Women Innovators
        • Forty Under 40
        • Doctors of Distinction
        • Real Estate
      • 2022
        • 2022 Millennial + GenZ Awards
        • 2022 C-Suite Awards
        • 2022 Doctors of Distinction
        • 2022 THE FUTURE OF REAL ESTATE
        • 2022 FORTY UNDER 40
      • 2021
        • 2021 FORTY UNDER 40 VIRTUAL EVENT
        • 2021 TOP WEALTH ADVISORS Virtual Event
        • 2021 Milli + GenZ Awards
        • 2021 C-SUITE
        • 2021 DOCTORS OF DISTINCTION
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBEACT NOW
    • NEWSLETTERS
    • DIGITAL ACCESS
No Result
View All Result
Westfair Communications
No Result
View All Result
Home Fairfield

Amtrak CEO warns of insufficient funding

Patrick Gallagher by Patrick Gallagher
May 25, 2013
2
Share on LinkedInShare on FacebookShare on Twitter
A concept rendering of Amtrak”™s next-generation high-speed-rail service at Wilmington Station in Delaware. Courtesy of Amtrak.
A concept rendering of Amtrak”™s next-generation high-speed-rail service at Wilmington Station in Delaware. Courtesy of Amtrak.

Amtrak is facing a “crisis of success” on the Northeast corridor rails and estimates it will need $2 billion in annual funds to address necessary infrastructure improvements, its CEO told a Senate panel.

CEO Joe Boardman said the upcoming expiration of the 2008 Passenger Rail Investment and Improvement Act (PRIIA) represents an opportunity to advance new initiatives that would enable repairs to the current system and upgrades that would pave the way for more high-speed rail.

“If there is one thing we are sure the reauthorization must accomplish, it is coming up with an increased and more reliable source of capital investment,” Boardman told senators on the Commerce, Science and Transportation committee April 17, according to his prepared testimony.

Under PRIIA, all users of the Northeast corridor ”” which include Amtrak, freight carriers and eight transportation agencies that provide commuter service ”” are required to contribute to its infrastructure, capital and operating costs. PRIIA expires at the end of September.

Since its 2009 fiscal year, Amtrak has spent an average of about $259 million annually on infrastructure improvements to the Northeast corridor, not including $600 million provided through the 2009 American Recovery and Reinvestment Act.

“This level of funding is not sufficient to address the backlog of deferred maintenance needs or to build capacity for further growth,” Boardman said. “Our current estimate is that we will need something in the vicinity of $2 billion annually to address state of good repair needs and accommodate growth for all the users.”

He said a “crisis of success” has resulted in heightened capacity demands on the Northeast corridor.

The corridor, which runs from the Washington, D.C., area to Boston, carries about 150 Amtrak trains, 70 freight trains and more than 2,000 commuter trains daily. That is a nearly 100 percent increase from 1976 when the corridor carried about 1,200 trains daily, Boardman said.

Boardman added that ridership on the corridor is projected to increase more than 50 percent between now and 2040.

“So while the operators are succeeding, we”™re running out of ways to cram more trains onto the infrastructure,” he said.

The first step toward relieving pressure on the system is alleviating the bottleneck that develops between Newark, N.J., and New York City, Boardman said. He said there is “literally no spare infrastructure capacity, and the only way to acquire more is to add two more tracks to the NEC (Northeast corridor) across the New Jersey Meadowlands and another set of tunnels under the Hudson River.”

Ultimately, Amtrak”™s and Boardman”™s expectation calls for a true high-speed rail system in the Northeast. An August 2012 report, “The Amtrak Vision for the Northeast Corridor,” proposes a major upgrade to accommodate increased commuter transit along with new high-speed trains on new and existing rights of way.

He said with PRIIA set to expire, Congress has the opportunity to provide a “new model” of funding that relies on more than just federal funding for capital improvements. That model, Boardman said, would include “equitable contributions” by all the users of the Northeast corridor as well as the states and towns along the route.

This page is available to subscribers. Click here to sign in or get access.

Previous Post

Towns agree to safety zone at Bridgeport airport

Next Post

Editorial: Harbor no resentment

Related Posts

Fairfield Affordable Housing Committee to host conversation on housing
affordable housing

Fairfield Affordable Housing Committee to host conversation on housing

April 20, 2026
Newtown Community Center is making a ‘splash’
Arts & Leisure

Newtown Community Center is making a ‘splash’

April 20, 2026
CT United FC preps for inaugural season with no place to call home
Business

CT United FC now has a TV flagship station

April 19, 2026
Next Post

Editorial: Harbor no resentment

Comments 2

  1. Ira Weiss says:
    13 years ago

    Unfortunately, this means Amtrak will either hit up the Feds for more money to shore up the infrastructure or increase fares. Whichever is the more likely to happen, the taxpayer ends up paying for it.

  2. Dennis Larson says:
    13 years ago

    When the NEC needs funding they go to the federal government. When California needs funding, the state come up with most of the financing. There are such things as local sales taxes, property taxes and such so the federal government does not have to bail out the wealthiest area of the nation.

Subscribe to our newsletter

Lifestyle

  • Exclusives
  • Good Things Happening
  • Food & Restaurants
  • Travel
  • Health & Fitness
  • Home & Design

World News

U.S. and world news for April 20
World News

U.S. and world news for April 20

by Peter Katz
April 20, 2026
0

U.S. seizes ship in blockade of Iranian ports The U.S. yesterday made good on its threat to board and seize...

CNN WIRE — Trump’s $40M sculpture garden likely to be moved to D.C.

CNN WIRE — Trump’s $40M sculpture garden likely to be moved to D.C.

April 19, 2026
U.S. and world news for April 17

U.S. and world news for April 17

April 17, 2026
Local residential real estate market not quite in lockstep with the nation

CNN WIRE — Spring housing market stalls

April 16, 2026
U.S. and world news for April 16

U.S. and world news for April 16

April 16, 2026
Pope warns of world ravaged by ‘tyrants’ in the wake of Trump attacks

Pope warns of world ravaged by ‘tyrants’ in the wake of Trump attacks

April 16, 2026
No Result
View All Result

Latest News

Mount Vernon indy pharmacy takes on drugmaking giant
Courts

Mount Vernon indy pharmacy takes on drugmaking giant

by Bill Heltzel
April 20, 2026
0

Limiting distribution is meant to limit competition and is "adversely affecting patient access to a vital drug."

Fairfield Affordable Housing Committee to host conversation on housing

Fairfield Affordable Housing Committee to host conversation on housing

April 20, 2026
Newtown Community Center is making a ‘splash’

Newtown Community Center is making a ‘splash’

April 20, 2026
U.S. and world news for April 20

U.S. and world news for April 20

April 20, 2026
What everyone should know about rabies

What everyone should know about rabies

April 20, 2026
Logo Westfair Business Journal

Latest News

Mount Vernon indy pharmacy takes on drugmaking giant

Fairfield Affordable Housing Committee to host conversation on housing

Newtown Community Center is making a ‘splash’

  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Sign in

Trending Westchester

Subscribe to our newsletter

© 2024 Westfair Business Publications. All rights reserved. Westfair Communications (Westfair), a privately held publishing firm based in Mount Kisco, N.Y., publishes the Westchester County Business Journal in New York state and the Fairfield County Business Journal in Connecticut.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Economic Development
    • Real Estate
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 40 Under Forty
    • 2026 Doctors of Distinction
    • 2026 C-Suite Awards
    • 2026 Women Innovators
    • 2026 Millennial & Gen Z
    • 2026 Hispanic Innovators
    • Events Calendar
    • Past Events
      • 2026
      • 2025
      • 2024
      • 2023
      • 2022
      • 2021
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBE
    • NEWSLETTERS
    • DIGITAL ACCESS

© 2024 Westfair Business Publications. All rights reserved. Westfair Communications (Westfair), a privately held publishing firm based in Mount Kisco, N.Y., publishes the Westchester County Business Journal in New York state and the Fairfield County Business Journal in Connecticut.