Amtrak Government Affairs Update NGEC Annual Meeting Matt Kelly Sr. Director, Government Affairs February 21, 2014.

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Presentation transcript:

Amtrak Government Affairs Update NGEC Annual Meeting Matt Kelly Sr. Director, Government Affairs February 21, 2014

2 FY2013 Year in Review Operational success in the face of unprecedented challenges “Business Line” realignment & Strategic Plan refresh Unsustainable pattern of infrastructure disinvestment

3 FY2014 Overview The Year of Equipment Continued ridership and revenue growth Emerging OTP issues Non-NEC Corridor Services Long Distance Services

4 FY2014 Appropriations The FY2014 Omnibus provides a total of $1.39 billion for Amtrak (FY13 CR post-sequestration - $1.344b) –$340 million for operating grants (FY13 CR - $442m) –$851 million for capital investment (FY13 CR - $631m) –$199 million for debt service (FY13 CR - $271m) Equipment provisions of interest –Fleet planning –Trainset financing

Amtrak Congressional Agenda Reverse the pattern of disinvestment, especially on the NEC Dedicated and reliable funding source Comprehensive surface transportation bill

6 Window of Opportunity House action on a passenger rail bill possible in Spring 2014 Highway Trust Fund highway account shortfall coming in early August 2015 could look a lot different… –12 House members running for Senate –3 House members/Senators running for Governor –19 (and counting) House members retiring –7 Senators retiring, including the Chairman of the Commerce Committee –The 6 th Year Itch