Northeast Corridor

The N.J. Transit Board of Directors on July 15 adopted a $1.34 billion Operating Budget and a $1.19 billion Capital Program for Fiscal Year 2005 (FY05), and avoided increasing the system’s fares, officials said.

Government officials say new legislation will expand and improve anti-terrorist security programs for passenger railroad and freight rail systems. The bill was introduced in the U.S. House of Representatives on June 17.

Citing the vital importance of Amtrak to the nation’s economy and quality of life, a large delegation of East Coast business leaders today introduced a new coalition to advocate for increased federal investment in the aging passenger rail system.