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Upcoming House vote on an amendment to defund Amtrak

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<p>[quote user="oltmannd"]</p> <p> </p> <div class="quote-header"> </div> <blockquote class="quote"> <div class="quote-user">Sam1</div> <div class="quote-content">I could not help but note the continuing reference to the profitability of the NEC.  The NEC had an operating profit in FY14, but it is not generating sufficient revenue to cover its depreciation and capitalized interests costs. These items must be included in the financial statements to determine if an operation or service line is generating a profit.  </div> </blockquote> <div class="quote-footer">The current bill requires that net operating profit be invested in the NEC and not used to offset losses on LD train.</div> <p>It also provides some additional dollars that for capital improvment of the NEC.</p> <p>Amtrak is supposed to use the net profit plus the capital grants plus easier RRIF loan money to keep the NEC going.  This might even be enough to start reversing the tide of deterioration along the NEC. [/quote]</p> <p>I agree.  The operating profits generated by the NEC should be restricted to covering its capital investment requirements.  </p> <p>It is in corridors like the NEC where there is a potential payoff for passenger rail.  </p> <p>Hopefully the decision makers will stick a plan to improve the current NEC route.  Doing so is likely to be the best outcome for the United States. </p>
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