Sunday, April 30, 2017

Amtrak subsidy lower than most people think

90.5 WESA: "“Amtrak requires less subsidy than any other national rail system,” Dukakis says. “Amtrak makes more of its money from the fare box than any other national rail passenger system in the world. ... About 85 percent of its expenses are paid for by passengers and system revenue. That's pretty remarkable, and I don't think most people understand this.”

Amtrak’s current subsidies pale in comparison to the nation’s highway system, Dukakis points out. Highways in America get over $40 billion dollars in federal funding every year; air transportation gets about $16 billion. Amtrak’s funding is down to a few hundred million dollars."

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