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Amtrak VP: High-Speed Rail Needed

trainAmtrak Vice President Al Engel says the nation cannot meet 21st Century transportation needs without high-speed rail, and it requires a public investment. He says private investors will not see a return soon enough to justify putting up their money.

“Investors want to see a payback in five years or maybe a little longer.  With a project like this you’re not going to see a payback for ten years or more, so up front there has to be a public investment, but once the infrastructure is there on the right high-speed rail corridors you do not need an operating subsidy.”

He says the state and federal governments have to make policy decisions about subsidizing the infrastructure, and in the end they will see a return on their investments.

“It’s not coming all back in the fare box, but it’s coming back in the jobs that are created for the community and the economic activity.  It’s an indirect result, but the government makes it in taxes, so there’s a return on that investment by the government.”

Engel says Amtrak makes a profit on its Acela and Northeast Corridor service, which it uses to subsidize service elsewhere, and system-wide it covers 85 percent of expenses through revenues generated, which is far better than SEPTA and most other regional transit systems.  He says the federal government has been subsidizing transportation since Thomas Jefferson was president, when it helped with canals, and Abraham Lincoln authorized land grants and other help for the first transcontinental railroad.  He appeared Wednesday on the WNPV talk program Legally Speaking.
WNPV AM 1440 While you’re making your list and checking it twice, make sure you include your local independent business owners! Recent studies have shown that as much as $75 of every $100 you spend at a locally owned business stays in your area versus just $40 from those chain stores in the mall and $0 ... that’s right ZERO ...when you buy online! More money staying local means more funding for the schools, hospitals, roads, and more that you, your friends, family and co-workers depend on ... without raising taxes! So, as you make up your gift lists, make a commitment to “SHOP LOCALLY FOR THE HOLIDAYS” and visit such businesses as Abram W. Bergey and Sons Flooring, 311 Main Street, Harleysville ... Towamencin Beverage and CJ’s Doghouse, Sumneytown Pike at the Green Lane Road traffic light in Kulpsville ... Henning’s Trains, 128 South Line Street in Lansdale ... Koehler’s Jewelers on the corner of Main and Broad Streets in Lansdale ... The Woodburners in the Hatfield Train Station ... and Bustard’s Christmas Trees in Worcester Township and in Vernfield. This season, remember to “SHOP LOCALLY FOR THE HOLIDAYS!”
WNPV AM 1440 Last-minute change to today's "Legally Speaking" show ... open phones with Bill Moore and Liam Duffy of Rubin, Glickman, Steinberg, and Gifford. Call now with your legal questions ... 215-855-8211.
WNPV AM 1440 You may have seen EMQ playing in the concert series in Lansdale Plaza this year. If you have a chance to listen to a fun interview in our archives, choose this one with Eric Mintel and visit to see an exhaustive list of December shows from Doylestown to Lansdale, Phoenixville to Allentown and all throughout the New England states! Don't miss them live at Penndale Middle School on Dec 21st. Listen==>
WNPV AM 1440 Tune to 1440 AM tomorrow at 11:10 AM for "Legally Speaking" hosted by attorney Bill Moore. His guest will be Paul Gunter, associate broker at ReMax Centre.
Care and Share Thrift Shoppes Souderton PA Interested in learning more about Care and Share Thrift Shoppes Souderton PA? Follow the link to a recent interview of Care & Share's Executive Director on WNPV AM 1440.
November 11, 2015 Jay Glickman inteviewing Sarah Bergin on Legally Speaking WNPV AM 1440 - Radio Station in Lansdale, PA 215-855-8211

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