Alstom, Amtrak come to terms on $2.5 billion deal

[mahatmakanejeeves]

Alstom, Amtrak come to terms on $2.5 billion deal



A $2.5 billion contract between Hornell's Alstom and Amtrak to build its new line of Acela high-speed trains has been secured with federal financing, paving the way for the creation of 400 jobs in Hornell. FILE PHOTO

By Jason Jordan
The Evening Tribune

Posted Jul. 25, 2016 at 11:02 AM
Updated Jul 25, 2016 at 11:57 AM

Hornell, N.Y.

HORNELL — On Monday morning, Senator Charles E. Schumer (D-NY) announced that the Amtrak Board of Directors are expected to vote this week to support finalization of negotiations with Alstom provide new Next Generation High-Speed trains for Amtrak's Acela Express service as part of a $2.5 billion program.

The contract is expected to create over 750 jobs, including 400 jobs directly at Alstom in Hornell, and an additional 350 or more across New York State at subcontracting companies.

Schumer announced that with his support, final federal financing approvals have been secured, clearing the way for execution of an agreement between Amtrak and Alstom.

[mahatmakanejeeves]

1. Alstom, Amtrak ink deal

Alstom, Amtrak ink deal

Joseph Spector, [e-mail] | @gannettalbany 3:13 p.m. EDT August 16, 2016

ALBANY -- A deal between Amtrak and Alstom in Hornell, Steuben County, to manufacture high-speed trains was finalized Tuesday.

The agreement has been in the works for months and caps heavy lobbying among state and federal officials.

"We've reached the final destination on this long, successful journey and will soon unload billions of dollars of investment and hundreds of good-paying jobs in upstate New York," Sen. Charles Schumer said in a statement about the deal.

The agreement is estimated to create 750 jobs in the state, including 400 at Alstom's rail-car plant, Schumer estimated in July. ... There was no immediate comment from Alstom.

[magicnpoetry]

2. This Is Cool

but I'd like to see a broader commitment to hyperloop type technology. Better is better though.