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For More Information Contact:
Deirdre O'Sullivan
(202) 366-0631
December 4, 2001

For Immediate Release


Friday, December 14th

TIME: 9:30 a.m. - 4:00 p.m.

LOCATION: Monet Ballroom (2nd Floor)
Loews L'Enfant Plaza Hotel
480 L'Enfant Plaza, S.W.
Washington, D.C. 20024

AGENDA: Discuss Options for an Action Plan to Restructure Amtrak for Submission to Congress by February 7, 2002

On Friday, November 9th, the Amtrak Reform Council approved a resolution finding that Amtrak would not achieve operational self-sufficiency by December 2, 2002 as required by the Amtrak Reform and Accountability Act of 1997. The Council's Finding starts a 90-day clock in which the Council must submit an action plan for a restructured and rationalized national rail passenger system to Congress. During this same time period, Amtrak must submit a plan to Congress for liquidation.

This meeting is the first scheduled Council meeting following the Council's decision to make a finding. During the meeting, Council members will begin the process of discussing the merits of various options for restructuring Amtrak.

On Tuesday, November 13th, Council Chairman Gilbert E. Carmichael sent a letter to the President and the appropriate Congressional committees informing them of the Council's decision and outlining the lack of progress by Amtrak in its effort to achieve operational self-sufficiency. These factors include:

  • Amtrak is not on the glide-path to operating self-sufficiency. Amtrak's FY2001 performance was worse than its performance in FY2000, and Amtrak is in a weaker financial position than prior to passage of the ARAA.
  • In FY2001, the Council estimates that Amtrak will lose approximately $340 million for the purposes of operational self-sufficiency, and lose over $1 billion under Generally Accepted Accounting Principles (GAAP).

This letter to the President is currently available on the ARC website: For more information regarding this meeting, please contact Deirdre O'Sullivan at (202) 366-0631.

The Amtrak Reform Council is an independent Federal oversight commission established under the provisions of the Amtrak Reform and Accountability Act of 1997 (P. L. 105-134) to recommend improvements in Amtrak's operations and to monitor its financial performance.

JM-ARC, Room 7105
400 Seventh Street, SW

Phone: (202) 366-0591
Fax: (202) 493-2061

Washington, DC 20590

The ARC is an independent federal commission established under the Amtrak Reform and Accountability Act of 1997 (P.L. 105-134).