Washington, DC (November 10, 2023) – This week, President Joe Biden announced $16.4 billion in new funding to repair and replace critical rail infrastructure along the Northeast Corridor.
The Railway Supply Institute (RSI) released the following statement in support of the recently announced funding.
“RSI is thrilled that the Administration is further prioritizing a more reliable passenger rail experience by bolstering critical infrastructure, while also supporting job creation,” said RSI President Patty Long. “We applaud the announcement and look forward to the impact this investment will have on our transit system.”
Through the Federal Railroad Administration’s Federal State Partnership for Intercity Passenger Rail grant program, the funding will support 25 passenger rail projects along the Amtrak Northeast Corridor, including the rebuilding of tunnels and bridges as well as upgrading of tracks, power systems, signals, stations and other important infrastructure.
“RSI appreciates the effective implementation of the Bipartisan Infrastructure Law to enhance the safety and reliability of our rail system across the country,” added RSI Senior Director of Government and Public Affairs Ashley Shelton.
About the Railway Supply Institute (RSI)
The Railway Supply Institute (RSI) is the largest and only trade association that represents the full supply chain for the railroad system. RSI acts on behalf of the smallest to the largest suppliers to North American freight and passenger railroads. Industry segments include the mechanical, rolling stock, communications and signaling, maintenance of way, and passenger industries. For more information visit www.rsiweb.org, follow RSI on Twitter and LinkedIn