by Palmer5RR
daybeers wrote:From what I can gather from the website above:Palmer5RR wrote:Can anybody give me ballpark figures what has been spent on this operation? Including track work, engineering, environmental impact, etc. Has any equipment been bought and paid-for just for this route? (locomotives & passenger cars) What is the split between Federal Money and Connecticut Sate money so far?I don't know how accurate or recent the figures are on the website, but they are stated in the FAQ section of the NHHSRail Program website: http://nhhsrail.com/stay_informed/faqs.aspx
"The total project budget is currently $769 million....the federal government (paid) in 2009 and 2010 ... $160 million" (Therefore CT paid $609 million)
And from news releases:
The Connecticut Department of Transportation (CTDOT) ...contracts with TASI/ACI. TASI/ACI entered into a $45 million contract with CTDOT for five years,... (CTDOT will purchase rolling stock)
It seems like when CT is planning to cut existing rail service and the State doesn't have money to painting lines on the highways, CTrail needs to be postponed 18 months or 2 years. Cancel the TASI/ACI contract and get back as much of the 45 million as possible plus cancel all equipment purchases. The main political reason for the project was to stimulate the economy. This has been accomplished through the track and station construction.
In a couple of years the economy will have improved and CT tax revenue will increase. In the meantime Amtrak (Springfield Line) will provide additional service using the extra track capacity.