Amtrak invests $7.3 billion in new fleet of modern trains to service Northeast

Amtrak is investing $7.3 billion in a new fleet of state-of-the-art trains, together with some of its first hybrid-electric powered trains, to modernize its growing old fleet and entice extra vacationers, the corporate stated Wednesday.

The firm is shopping for up to 83 new trains that can function principally alongside the Northeast Corridor. They can even run the lengthy distance Palmetto line from New York to Miami in addition to some state-supported routes, changing Amtrak’s Amfleet, Metroliner and state-owned tools on sure routes throughout the nation.

Some of the new trains servicing the New York area will probably be powered by Amtrak’s first hybrid-electric batteries, to reduce on air air pollution.

“These new trains will reshape the future of rail travel by replacing our aging 40-to-50-year old fleet with state-of-the-art, American-made equipment,” Amtrak CEO Bill Flynn stated in an announcement. “This investment is essential to preserving and growing our Northeast Regional and state-supported services and will allow our customers to travel comfortably and safely, while deeply reducing criteria pollutants.”

Amtrak is contracting with California-based Siemens Mobility Inc. to manufacture a new fleet of up to 83 multi-powered modern trains

Source: Amtrak

As Covid-19 restrictions ease, vacationers are usually not solely beginning to board extra flights, practice ridership additionally continues to enhance — approaching 60% of fiscal yr 2019 ranges. Over Fourth of July weekend, demand reached 80% of what it was two years in the past, the corporate instructed CNBC.

In addition to the Northeast Regional, different routes that will probably be serviced by the new fleet embrace the Adirondack, Carolinian, Cascades, Downeaster, Empire Service, Ethan Allen Express, Keystone Service, Maple Leaf, New Haven/Springfield Service (Amtrak Hartford Line and Valley Flyer), Pennsylvanian, Vermonter and Virginia Services.

The new trains will embrace distant monitoring and absolutely built-in digital diagnostics in addition to extra comfy seating, particular person energy shops and USB ports, onboard Wi-Fi, enhanced lighting and panoramic home windows, bigger vestibules, digital seat reservations and navigation show techniques, the corporate stated.

The new state-of-the-art fleet will probably be manufactured by Siemens Mobility’s rail manufacturing facility in Sacramento, California. Amtrak expects the upgrades will add greater than 1.5 million riders yearly. The funding features a components provide and service settlement in addition to facility modifications and upgrades.

“California’s innovation economy is coming roaring back, and this $7.3 billion contract — one of the biggest of its kind — represents good paying jobs and further proves that California is a great place to do business,” stated California Gov. Gavin Newsom.

— CNBC’s Seema Mody contributed to this text.

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