AMTRAK: Limited Income from the Revenue Enhancement Program.
GENERAL ACCOUNTING OFFICE WASHINGTON DC RESOURCES COMMUNITY AND ECONOMIC DEVE LOPMENT DIV
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This report responds to your concerns about the National Railroad Passenger corporations Amtrak Revenue Enhancement Program, which was designed to generate income by competing with the private sector in areas other than passenger service in order to reduce federal subsidies. Amtraks Revenue Enhancement Program currently consists of three elements-Corporate Development, Real Estate Development, and Safe Harbor leases. Since its creation in 1971, Amtraks total operating expenses and capital needs have exceeded its total operating revenues and Amtrak has received a federal subsidy to cover these costs. Specifically, as agreed with your offices, we 1 obtained information on Amtraks revenue enhancement activities and the impact on these activities on reducing federal subsidy and 2 determined whether Amtrak competed fairly when bidding on a 1988 rail welding contract.
- Surface Transportation and Equipment
- Economics and Cost Analysis