Amtrak received $562.9 million RRIF loan for new generation electric locomotives
Written by jrood
Amtrak has received a $562.9 million Railroad Rehabilitation and Improvement Financing loan to fund the company's purchase of 70 new generation energy-efficient electric locomotives as part of its plan to modernize and expand its fleet equipment. "As a result of the RRIF loan announced by the Federal Railroad Administration, Amtrak's purchase of 70 new, energy efficient and higher performing electric locomotives is fully funded. These locomotives will operate on the Northeast and Keystone Corridors beginning in 2013, replacing units in service between 20 and 30 years with average mileage of 3.5 million miles traveled. The RRIF loan from the FRA totaling $562.9 million includes $465.9 million for the 70 electric locomotives and $97 million for maintenance facility upgrades and spare parts. The $465.9 million, six-year contract was awarded to Siemens Mobility and is a key element of the Fleet Strategy Plan. The contract will create 250 jobs primarily at a facility in Sacramento, Calif., but also at plants in Norwood, Ohio and Alpharetta, Ga.
