The rail industry economist predict that all passenger rail activity could double by the 2050, thus the need to build an innovative passenger rail network is neccessary to compete globally.
When it comes to passenger railroads, they are a best method of transportation, providing onboard and station services and cleaner form of transportation than any other ground alternative. The U.S. passenger railroads can moved 13.5 passenger (150lbs Per Passenger Ton Weight) an average of 457mpg of fuel, are better for the environment and help alleviate highway congestion.
The Private Passenger Railcar Industry provides Amtrak with about $2.5M in revenue in fiscal 2010, and the Amtrak Private Railcar Service operates at a profit-revenue that exceeded costs by about $660,000 in fiscal 2010.
Amtrak's Business Plan is to operate as a for-profit-industry and providing private passenger railcar hauling services is a source of revenue, althought this operational services is a tiny fraction of Amtrak’s overall $2.5 billion in revenue.
Amtrak fosters the opportunity to serve America’s "80 For Hire Railcars" (not including personal use railcar or corporate trains "Not For Hire Railcars") Private Passenger Railcar Industry, as the American Railroad Industry has a long history of partnership with the Private Passenger Railcar Services.
Our Nations rail system has the capacity to support more private passenger railcar services, as the current 80 private railcar could never support the national rail transportation market demand.
Private Railcar Charter Rates can start at $2,500per-person-accommodation capacity to $8,000per-day-charter, depending on guest requirements and mileage itinerary
The goals of the Railway Business Car Services/RBCS are:
• Improve existing Amtrak intercity operations and rail line community experience;
railcars made in America and utilize local labor and materials;
• Increase rail line communities mobility by creating private railcar access;
• Improve private passenger railcar support, supply and maintenance facilities; and
• Invest in rail line communities by planning and participating in events for tourism opportunities of our citizens.
RBCS cannot accomplish these goals alone. It is critical that private passenger railcar industry contiue growth planning & development to maintain a strong rail line community presence and working relationships with Class I operating railroads, shortline railways, regional rail networks toward interactional partnerships, state rail transportation agencies and associations. States have demonstrated that constructing rail projects, create jobs, and prove how successfully they can invest taxpayer dollars. The RBCS projects also requires congressional, state agencies and investors to join in a partnership with RBCS as relevant private passenger railcar stakeholder. The RBCS will seek additional funding resources to impact a long-term rail line community transportation services with predictable project
planning to acquire funding source of federal matching funds and private investment opportunities for investors.
RAILWAY BUSINESS CAR SERVICE/RBCS PROJECT FINANCING will require federal and state assistance (including private investor funding) assistance and will not be based upon grants and subsidies but rather be facilitated by an existing loan program under the Railroad Rehabilitation and Improvement Financing/RRIF Program. This Railroad Improvement Program does authorizes the Federal Railroad Administration/FRA to lend funds to railway projects like the Railway Business Car Services Rail Projects that allows expanding the nation’s intercity rail transportation infrastructure.
FRA Passenger Rail Financing Programs offer the flexibility toward's the private passenger industry and related rail line community investment. In applying for RRIF Loan, the Secretary of Transportation has broad discretion to use funding resources to implement and support projects that exemplify the goals of the FRA Passenger Intercity Programs under RRIF/Passenger Rail Investment and Improvement Act of 2008/PRIIA program.
RBCS is preparing to submitted its RRIF loan application, which is currently published for
review prior to submission before the FRA’s Independent Financial Advisor, loan evaluation process can take 19 months to review project. Current the RBSC has advise the RRIF Loan Committee, that a conflict exists in Seattle, Washington, that require issues to be resolved before submitting application.
The RBCS Private Railcar Facility Project in Seattle, has been planned to be financed through a combination of private capital and RRIF loan funding process. The RBCS Project Financing Demonstration will be repaid the loan over 35 years including interest.
Railroad Rehabilitation and Improvement Financing/RRIF Program is ideal for RBCS Project because it is the
only private passenger railcar and operational rail project
in America positioned to jump-start the
private passenger railcar industry
that will impact rail line community intercity public benefits, produce tangible demonstration that benefits our national rail achievements, goals and priorities to:
1). Providing jobs and stimulate rail line community economy,
2). Enhancing the environmental stategies toward global warming,
3). Improving intercity regional rail economic centers,
4). Offering a safe and efficient rail transportation choice,
5). Provide rail travelers with additional service options,
6). Demonstrating private investment in rail projectswill benefit investor dividends, and
7). Preparing and participating high speed rail development for private railcar industry.
The RBCS Private Passenger railcar Project and services will achieve these goals with private and public stakeholders, including investor relationship based upon RRIF Loan financing and repayment obligations borne by the private sector.
Private passenger railcar services are a safe, fast, and efficient rail travel option. Private passenger railcar services is not just part of America’s past railroad services; it continues to be part of America’s future in intercity rail services and high speed rail service opportunities.
For historical and transportation statistic information about rail traffic volumes, ridership, performance, and capital
spending, please visit the following:
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RAILWAY BUSINESS CAR SERVICES
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