View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
December 9, 2012

Amtrak requests emergency funding to upgrade New York rail network after Sandy

Amtrak is seeking $336m in emergency federal funding to upgrade infrastructure and help recover losses in New York following Superstorm Sandy, which hit the US East Coast in October 2012.

By admin-demo

Penn_Station

Amtrak is seeking $336m in emergency federal funding to upgrade infrastructure and help recover losses in New York following Superstorm Sandy, which hit the US East Coast in October 2012.

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

The funds will be used for key Northeast Corridor infrastructure upgrades, including strengthening of rail capacity and resiliency to better prevent damage and improve recovery from future natural disasters.

Out of the total fund, $276m would be used to improve protection measures and the recovery capability of Penn Station, along with its tunnels, against flooding or emergency disruptions.

Amtrak plans to use the money for the design and construction of the capacity-increasing Gateway Program, and $60m will go towards Amtrak’s estimated operating losses caused by the storm.

Amtrak President and CEO Joe Boardman said that the hurricane exposed the fragility of century-old structures.

"We need a system that’s robust enough to support our operational needs not just on good days, but every day," Boardman said.Investments will be made in three projects to increase capacity and resilience in the Northeast Corridor rail network.

The first project will see the design of a high-density signalling system to offer better flexibility in the four East River tunnels used by Amtrak and the MTA’s Long Island Rail Road.

"The hurricane exposed the fragility of century-old structures."

Two of the four tunnels were flooded during the storm; these have now been reopened but are not in full service; high-density signalling systems would allow the undamaged tunnels to manage a heavier traffic load to compensate in similar future scenarios.

The second project involves rebuilding an electrical substation in Kearney, New Jersey, which supplies power to the North River Tunnels and Penn Station, on a platform that is above the high water line.

The third project will see the design and early construction portions of the Gateway Program, including two new Hudson River tunnels between New York and New Jersey, which will provide permanent protection from flooding.


Image: Amtrak will use the fund to improve protection measures of Penn Station along with other upgrades across New York. Photo: courtesy of Rickyrab.

Related Companies

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology