FRA proposes Amtrak become holding company, overseeing three divisions, passenger group says
Yahoo • • business
Key Points:
- The Federal Railroad Administration (FRA) has proposed restructuring Amtrak into a holding company overseeing separate entities for operations, equipment management, and infrastructure.
- Details on the new structure and funding mechanisms remain vague, with no clarity on federal or state financial support amid expiring surface transportation authorizations.
- Union officials have expressed concerns that the restructuring could be a precursor to privatization, though the U.S. Department of Transportation denies privatization is being considered.
- The Rail Passengers Association emphasizes that the primary goal of any restructuring should focus on timely, on-budget delivery of services and projects rather than system-wide profitability.
