Sec. 9103. Amtrak 5-year business planning

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Part C of subtitle V is amended by inserting the following new section after section 24316: Not later than July 1 of each year, Amtrak shall submit to the Secretary of Transportation draft 5-year business line plans and draft 5-year capital asset plans prepared in accordance with this section. Each draft plan shall include information on historical performance, the subsequent base fiscal year, and the 5-year period that begins with the second full fiscal year after the submission.

Amtrak shall, in consultation with the Secretary of Transportation, revise the draft plans, as appropriate. Not later than February 15 of each year, Amtrak shall submit to Congress and the Secretary of Transportation 5-year business line plans prepared in accordance with this section. These plans shall form the basis for Amtrak’s general and legislative annual report to the President and Congress required by subsection 24315(b) of this title. Amtrak shall submit updated 5-year business line plans to Congress and the Secretary of Transportation no later than 60 days after the date of enactment of an appropriations Act for the fiscal year.

The updated plan shall reflect the actual appropriations levels or obligation limits for that fiscal year, and any corresponding adjustments to the subsequent fiscal years. Amtrak shall submit updated 5-year capital asset plans to the Secretary of Transportation no later than 60 days after the date of enactment of an appropriations Act for the fiscal year. Amtrak shall prepare a 5-year business line plan for each of the following business lines: Northeast Corridor, as defined by section 24102(5)(A).

State corridors, as defined by section 24102(5)(D). Long-distance routes, as defined by section 24102(5)(C). National assets. The 5-year business line plan for each business line shall include, at a minimum: A statement of Amtrak’s vision, goals, and objectives for the business line, coordinated with any entities that are contributing capital or operating funding to support passenger rail services within those business lines, and aligned with Amtrak’s Strategic Plan. All projected revenues and expenditures for the business line, including identification of revenues and expenditures incurred by— passenger operations; non-passenger operations that are directly related to the business line, including all ancillary business activities; and governmental funding sources, including revenues and other funding received from States.

Projected ridership levels for all passenger operations. A prioritized list of capital projects, including identified funding sources, that is aligned with the Five-Year Capital Asset Plans described in subsection (c). Estimates of long-term and short-term debt and associated principal and interest payments (both current and forecasts). Annual profit and loss statements and forecasts and balance sheets. Annual cash flow forecasts. A statement describing the methodologies and significant assumptions underlying estimates and forecasts.

Specific performance measures that demonstrate measurable improvement year over year in the financial results of Amtrak’s operations. Financial performance for each route within each business line, including descriptions of the cash operating loss and labor productivity for each route. Specific costs and savings estimates resulting from reform initiatives. Prior fiscal year and projected equipment reliability statistics, in coordination with the equipment capital asset plan. Identification and explanation of any adjustments made from previously approved plans.

In meeting the requirements of this section, Amtrak shall— coordinate with the development of the capital asset plans described in subsection

(c)and ensure integration of each 5-year business line plan with the 5-year capital asset plans; for the Northeast Corridor business line plan, coordinate with the Northeast Corridor Infrastructure and Operations Advisory Commission, States, freight railroads, and commuter operators that access Northeast Corridor infrastructure; and ensure that Amtrak’s annual budget request to Congress is consistent with the information in the 5-year business line plans. In meeting the requirements of subsection

(b)of this section, Amtrak shall— apply sound budgetary practices; and use the categories specified in the financial accounting and reporting system developed under section 203 of Division B of Public Law 110–432 when preparing its 5-year business plans. Amtrak shall prepare a 5-year capital asset plan for each of the following capital asset categories: Infrastructure, including all Northeast Corridor assets and other Amtrak-owned infrastructure, and the associated engineering facilities that support the maintenance and improvement of those assets. Passenger rail equipment, including all rolling stock, locomotives, and mechanical shop facilities that are used to overhaul equipment. Stations, including all Amtrak-served passenger rail stations. Corporate, including assets such as information technology, training centers, and other capital items that support the national passenger rail system. Each capital asset plan shall include, at a minimum— a summary of Amtrak’s 5-year strategic plan for each asset category, including goals, objectives, any relevant performance metrics, and statutory or regulatory actions affecting the assets; an inventory of existing Amtrak capital assets, including information regarding shared use or ownership, where applicable; and a prioritized list of proposed capital investments that— categorizes each capital project as being primarily associated with— normalized capital replacement; backlog capital replacement; improvements to support service enhancements or growth; or strategic initiatives that will improve overall operational performance, lower costs, or otherwise improve Amtrak’s corporate efficiency; identifies the anticipated funding source for each capital project; describes the anticipated business outcomes of each project, including: an assessment of the potential effect on passenger operations, safety, reliability and resilience, and on Amtrak’s ability to meet regulatory requirements should the project not be funded; and an assessment of the benefits and costs; identifies where the capital assets are or will be jointly used by intercity passenger rail service and other users, and that identifies the proportionate share of this joint usage; and for projects that are expected to be fully or partially funded through Federal grants, identifies the most appropriate public agency or entity to receive those funds and implement each capital project, in cases where that entity is not Amtrak. In meeting the requirements of subsection

(c)of this section, Amtrak shall— coordinate with the development of the business lines described in subsection (b)(1) of this section and ensure integration of each 5-year capital asset plan with the 5-year business line plans; and for the infrastructure capital asset plan described in subsection (c)(1)(A) of this section, coordinate with the Northeast Corridor Infrastructure and Operations Advisory Commission, States, freight railroads, and commuter operators that access Northeast Corridor infrastructure. . The Secretary shall review existing Amtrak reporting requirements and identify where these requirements are duplicative with the business line and capital asset plans required by this section. Where duplicative reporting requirements are administrative, the Secretary shall eliminate such duplicative requirements. The Secretary shall submit a report to Congress with any recommendations for repealing duplicative Amtrak reporting requirements.

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Pub. L. 110-432

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Sec. 9103

Amtrak 5-year business planning

Pub. L.Pub. L. 110-432

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