Freightcar America, Inc. (RAIL)

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“ Passenger and Freight Rail

The Bill allocates $66 billion to eliminate Amtrak’s maintenance backlog, modernize the Northeast Corridor and extend rail service outside of the northeast and mid-Atlantic.7 Specifically, the Bill calls for:

New and renovated corridors: $36 billion (up to two-thirds for Amtrak’s 457-mile-long Northeast Corridor)8
Three new Amtrak routes in eastern Pennsylvania could serve 1.3 million riders annually, with service starting an estimated 3 years after funding is secured
Amtrak grants: $22 billion9
Federal-State partnership for intercity rail service, including high-speed rail: $12 billion10
Federal Railroad Administration (FRA) Consolidated Rail Infrastructure and Safety Improvement (CRISI): $5 billion11
FRA Railroad Crossing Elimination Program: $3 billion12
Transit-oriented development planning funding: Starting with $13.16 million in 2022 and increasing to $14.43 million in 202613
State of Good Repair formula funding: Starting with $3.52 billion in funding in 2022 and increasing to $3.85 billion in 202614
Growing states and high-density states formula funding: Starting with $741 million in 2022 and increasing to $812.5 million in 202615
Low or No Emission Program competitive grants: $71.6 million in 2022 and increasing to $78.5 million in 202616
The Bill allows Congress to take additional action to invest another $36 billion for rail by 2026.17

Public Transit

The Bill allocates $39 billion to modernize transit, including repairing and upgrading bus and rail fleets and extending transit services to more communities.”

https://www.faegredrinker.com/en/insights/publications/2021/11/breaking-down-the-infrastructure-investment-and-jobs-act