$90 million in FY 2009 appropriations
$2.5 billion in FY 2010 appropriations
Existing train ridership:
150,000 jobs projected to be created by high-speed rail in four U.S. cities over next 25 years.
24,000 construction and manufacturing jobs per $1 billion of capital investment.
41,000 operation and maintenance jobs per $1 billion operating investment
To protect the taxpayer’s investment in passenger rail and insure high-quality and on-time train service, the Passenger Rail Investment and Improvement Act (PRIIA) required that states and the private railroads negotiate stakeholder agreements before federal funding could be released.
Performance-based and quantifiable measures such as trip times, reliability and the frequency of service must be included in these agreements. Because much of the passenger service in the U.S. rides on rails owned by private railroads, the rights of these stakeholders to continue to maintain and improve their own service must also be incorporated into these agreements.
AASHTO's Vision and Call to Action for a National High-Speed and Intercity Passenger Rail Program