CEO Council for Growth Calls For Release of Appropriated Funds
Posted Friday October 05, 2018
The CEO Council for Growth is a founding member of the Coalition for the Northeast Corridor (CNEC), a multi-stakeholder coalition advocating for increased infrastructure spending along Amtrak’s Northeast Corridor (NEC). The CEO Council works in collaboration with a spectrum of transportation and business community stakeholders that rely on the corridor to conduct commerce, create jobs, and drive the U.S. economy forward. The Coalition is a regional and national advocacy effort led by market participants that benefit most from a strong, vibrant, safe, and reliable NEC. The CEO Council is proud to work with our regional congressional delegation together with business stakeholders along the corridor to develop and advance solutions for high-speed passenger rail which will contribute to our region’s economy.
CNEC helped secure $275 million through the passage of the 2017 and 2018 Appropriations bills for a newly authorized Federal-State Partnership of Good Repair Program. This passenger rail infrastructure funding program was both authorized and appropriated by Congress based on its recognition that the NEC is one of America’s most economically critical transportation assets. However, the Department of Transportation has yet to release these funds. Doing so would allow multiple projects between Boston and Washington, D.C. to move forward which is necessary to get the NEC closer to a state of good repair. CNEC recently sent a letter urging the Administration to release the appropriated funds for the NEC. We will continue to press for the release of these funds which are vitally important to our economic growth and regional mobility.
Read the full letter from CNEC here.