New Proposal Could Privatize Northeast Corridor Train Service

NEW YORK (WCBS 880) — Republicans in congress want to privatize the busiest passenger train line in the country but Democrats think it’s a bad idea.

If you ride Amtrak or NJ Transit, privatization would likely mean higher fares.

That’s the feeling of urban planner Petra Todorovich who says about $100 billion would be needed to upgrade the infrastructure. But there’s no indication any company would actually be willing to put up that kind of money.

WCBS 880’s Peter Haskell reports: Northeast Corridor In Need Of Improvement

“There’s no examples of a private company coming in and spending that much money on a rail improvement project,” said Todorovich. “If they did, they’d want a solid return on their investment.”

Todorovich says ways to improve service in the northeast corridor is needed, including ways to provide more frequent and more reliable service.

What do you think about the proposal? Sound off below in our comments section…

More from Peter Haskell

One Comment

  1. Dale Auburn says:

    Amtrak was created in 1971 because private railroads couldn’t make money from passenger routes. What has changed in the past 40 years? NOTHING.

  2. Robert Senn says:

    instead of giving our tax doller to those people and other countrieswho turn it against us why dont we invest it in trollies and local railroads and make transit free also save oil for all of us

  3. Old_Boy_Ntwk says:

    When you take the Amtrak system as a whole it’s a taxpayer nightmare; some folks at riding for ten cents on the dollar. If I rode the train I’d certainly be in favor of taxpayer subsidies for MY fare. Why not, there is nor reason I should actually pay for the benefits I receive, what kind of stupid idea is that?

    The U.S. government is The BIG Shop of Horrors – “Feed Me”

Comments are closed.

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