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
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"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.
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