Amtrak Inks $2B Deal For New High-Speed Trains From Alstom
Law360, New York (August 29, 2016, 3:51 PM EDT) -- Amtrak struck a $2 billion deal on Friday to buy new high-speed trains from French conglomerate Alstom SA after receiving a $2.45 billion loan from the U.S. Department of Transportation to shore up infrastructure along its busy Northeast Corridor.
The National Railroad Passenger Corp., better known as Amtrak, agreed to buy 28 new high-speed trains to replace the aging trains on its Acela service along the Northeast Corridor — which runs from Boston to Washington, D.C., via New York and Philadelphia — allowing it to increase capacity and provide more frequent service.
Amtrak's new high-speed trains are expected to reach speeds...
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