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Article: Amtrak Head Says Service May Stop
- Article from:
- AP Online
- Article date:
- June 6, 2002
- Author:
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WASHINGTON (AP) _ Amtrak's new president is warning the cash-strapped
passenger railroad will shut down all service next month unless it
gets a $200 million loan in the next three weeks.
President David Gunn is hopeful the loan will come through, Amtrak
spokesman Bill Schulz said Thursday. As collateral, Amtrak can use
$200 million of the federal appropriation it expects to receive when
the new fiscal year begins Oct. 1.
Schulz urged passengers holding reservations in July and beyond to
keep them.
Amtrak's governing board was meeting in Washington Thursday. Schulz
said Gunn intended to propose a sweeping company reorganization reducing
the number of "vice ...