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New Jersey Transit Biggest Loser Under Amtrak Cost-Share Plan
2015-10-09 09:39:53| Railroads - Topix.net
Amtrak is quietly billing railroads in nine East Coast states more than $500 million starting this month, with the brunt born by cash-strapped The Garden State's mass-transportation agency must put $199.2 million toward the national rail service's operating and capital expenses, according to documents obtained by Bloomberg. The hit increases the likelihood of another budget shortfall just a week after New Jersey Transit raised fares 9 percent to generate $56 million.
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Category:Transportation and Logistics