Congressional Budget Office Cost Estimate: S. 294, Passenger Rail Investment and Improvement Act of 2007   [open pdf - 31KB]

From the Summary: "CBO [Congressional Budget Office] estimates that implementing S. 294 would cost $10.1 billion over the 2008-2017 period. S. 294 authorizes the appropriation of about $8.9 billion over the 2008-2012 period for grants to Amtrak to cover operating expenses, capital projects, debt repayment, and security improvements. The legislation also would authorize the appropriation of about $1.8 billion over the 2008-2012 period to the Department of Transportation (DOT) for new grant programs for certain projects completed by state railroad entities, to enable Amtrak and participating states to share railroad equipment, for grants to improve rail security, and for assessments and research of rail operations. The bill would require Customs and Border Protection (CBP) to expand its operations at its leased rail facility in Vancouver, Canada. In addition to those amounts specifically authorized to be appropriated, S. 294 would impose additional costs on the Department of Homeland Security (DHS) and certain agencies within DOT by requiring them to oversee Amtrak operations, to assess rail operations and rail security, and to submit reports to the Congress."

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