Biden Hails $16.4 Billion Investment in Amtrak's Northeast Rail
November 6, 2023
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0:57Now PlayingBiden Hails $16.4 Billion Investment in Amtrak's Northeast Rail
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as posted by the channelPresident Joe Biden said $16.4 billion for rail projects along Amtrak’s busy Northeast Corridor would help replace aging infrastructure in one of the nation’s most important economic regions.
Biden said Monday if the crucial rail line were to shut down for one day, it would cost the US economy “$100 million a day” in lost productivity. Crumbling rail tunnels, bridges and tracks along the route already cause 4,000 hours of Amtrak delays each year, he said.
“It has real consequences, this outdated infrastructure,” Biden said at an Amtrak facility in his home state of Delaware, flanked by union workers and state and local officials.
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