PRRIA passes House; Amtrak-killing amendment squashed

March 5, 2015

The U.S. House of Representatives on March 4, 2015 passed the Passenger Rail Reform and Investment Act of 2015 (PRRIA, H.R.749) “with widespread bipartisan support,” according to Railroads, Pipelines and Hazardous Materials Subcommittee Chairman Jeff Denham (R-Calif.).
Denham joined Transportation and Infrastructure Committee Chairman Bill Shuster (R-Pa.), Committee Ranking Member Peter DeFazio (D-Ore.), and Subcommittee Ranking Member Michael Capuano (D-Mass.) to introduce PRRIA…

Denham went on to say that PRRIA “streamlines the RRIF process, giving passenger railroads in California better access to financing. It enhances the private sector’s ability to leverage railroad right-of-way to increase revenues, encourages development in and around Amtrak stations by strengthening multimodal connections and capturing development-related revenue streams, and provides for concurrent environmental review, which will speed up project delivery.”

…Rail advocacy groups expressed muted praise for PRRIA’s House passage, and pointed out that an amendment that would have cut all Amtrak funding was overwhelmingly defeated…

Read the rest of the story in Railway Age, 5 March 2015

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