Published on : Thursday, January 5, 2017
Amtrak issued a Request for Proposals (“RFP”) in December seeking partnership opportunities to leverage up to 725 miles of track right-of-way and other real estate across the country for telecommunications, energy distribution, and associated activities considered appropriate by Amtrak.
The RFP follows other recent efforts to unlock the commercial value of Amtrak’s nationwide portfolio of assets, including two million square feet of industrial station properties, six million square feet of maintenance facilities, and active right-of-way. Much of Amtrak’s portfolio is concentrated along the Northeast Corridor (NEC) where Amtrak owns 363 miles of the 457-mile route between Washington and Boston. The NEC is among the nation’s most vital transportation assets, carrying 750,000 people every day and supporting a $2.6 trillion economy.
“Finding the right partner to utilize our extensive right-of-way portfolio exemplifies Amtrak’s approach to strengthening our business,” said Bart Bush, Vice President, Asset and Real Estate Development. “Proceeds generated from these partnership opportunities can be reinvested back into the vital service Amtrak provides as the nation’s intercity passenger rail operator and the steward of some of the most valued transportation infrastructure in this nation.”
Other recent examples to leverage Amtrak assets include: