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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
Chase Elliott seems poised to succeed Jeff Gordon at Hendrick Motorsports www.foxsports.com Team owner Rick Hendrick on Thursday stopped short of saying Chase Elliott would replace Jeff Gordon next year in the NASCAR Sprint Cup Series, but that's certainly the conventional wisdom.
WNPV AM 1440 Tune to 1440 AM (or online at www.wnpv1440.com) at 8 PM for the Gwynedd Mercy University Men's basketball game postponed from last night. Broadcast team this evening will be WNPV's Joe Moskal doing the play-by-play and Gwynedd Mercy's Women's basketball coach Keith Mondillo doing color!
WNPV AM Radio 1440 - The Talk of the Suburbs wnpv1440.com WNPV AM 1440 - Radio Station in Lansdale, PA 215-855-8211
WNPV AM 1440 Did you hear? Because of tonight's snow, the schools are sending the kids home early so WNPV will be playing bingo! Have your official card ready at 5 PM! You could win a VIP Car Wash Card from Lansdale Car Wash, 4 tickets to the Franklin Institute, a candle from CardSmart in North Wales and Quakertown, and a $50 gift card to Gimaro's Seafood and Steaks in Montgomeryville. No purchase necessary!
WNPV AM 1440 Do you know a high school or college student who is interested in travel, tourism, marketing, advertising, or radio and is looking for an internship? I'm looking for someone to assist me in putting together this year's "Summer Spectacular Ticket Giveaways." They would help in contacting summer entertainment venues, write commercials, and much more. The internship must be set up through a school or college so if you know someone who is interested, please have them contact Linda Moskal at WNPV now.
WNPV AM 1440 Did you know? You can listen to WNPV anytime at http://listen.wnpv1440.com or http://live.wnpv1440.com? It's true.
WNPV AM 1440 Tune in to 1440 AM (or www.wnpv1440.com) this morning at 11:10 when George Toth will have "The Annuity Man" as his guest on "Regarding Your Money."
WNPV AM Radio 1440 - The Talk of the Suburbs wnpv1440.com WNPV AM 1440 - Radio Station in Lansdale, PA 215-855-8211

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