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AMTRAK, LONG-DISTANCE TRAINS, AND CONGRESSIONAL FUNDING
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<p>To allow operation of the Stadler cars on the Austin and Western, which hosts Capital Metro's Red Line, the A&W was required to quarantine all freight movements during the day. This means that the freight trains have to move at night. Furthermore, it may mean that the operator, Herzog, has to pay a night shift operating differential.</p> <p>According to the latest statistics published by the City of Austin, which owns Capital Metro, which owns the A&W, an average of 2,800 passengers per day rode the Red Line in 2012. This is up from an average of 800 passengers per day during the first year of operation.</p> <p>The capital cost to upgrade the A&W for passenger service was $105 million. The annual operating budget is roughly $14.3 million. Assuming that most of the passenger trips are made by persons traveling round-trip, and the capital costs are amortized over 30 years at Austin's average long term borrowing rate for municipal bonds, the average subsidy for a Red Line passenger in 2012 was $26.11 per trip. This compares to a comparable figure of $5.63 for the TRE.</p>
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