Level:
TCM Section(s):
Venue: 2023 AACE International Conference & Expo
Abstract: On November 15, 2021, the Infrastructure and Investment Act (IIJA) a.k.a., the Bipartisan infrastructure Law, was signed into law. The IIJA provides a larger level of investment in passenger and freight rail than Amtrak received in the over 50 years since it was created.
This presentation will explain the improved project delivery models and project controls Amtrak is deploying to ensure we maximize the value of this historic funding. The IIJA provides $66 billion (USD) for investments in freight and passenger rail - $22 billion to improve and upgrade existing Amtrak assets and $44 billion to flow through the U.S. Department of Transportation, via Federal Railroad Administration’s discretionary grant programs dedicated to safety, infrastructure, and new and improved passenger rail service.
Amtrak works hard every day to deliver safe, high quality, on-time rail passenger service that exceeds customer expectations. Over the next five years, the IIJA funding, combined with our other annual and discretionary grant funding, will be dedicated to modernizing and upgrading critical infrastructure across the Amtrak network including tunnels, bridges, stations, fleet, and more.
Using our progress through a number of key planned projects, this presentation will describe alternate contracting models we are evaluating to improve project delivery and enhanced project controls (including cost estimating, planning & scheduling, cost management, and cost & schedule risk assessment/risk management), leveraging a number of AACE recommended practices.
TCM Section(s):
Venue: 2023 AACE International Conference & Expo
Abstract: On November 15, 2021, the Infrastructure and Investment Act (IIJA) a.k.a., the Bipartisan infrastructure Law, was signed into law. The IIJA provides a larger level of investment in passenger and freight rail than Amtrak received in the over 50 years since it was created.
This presentation will explain the improved project delivery models and project controls Amtrak is deploying to ensure we maximize the value of this historic funding. The IIJA provides $66 billion (USD) for investments in freight and passenger rail - $22 billion to improve and upgrade existing Amtrak assets and $44 billion to flow through the U.S. Department of Transportation, via Federal Railroad Administration’s discretionary grant programs dedicated to safety, infrastructure, and new and improved passenger rail service.
Amtrak works hard every day to deliver safe, high quality, on-time rail passenger service that exceeds customer expectations. Over the next five years, the IIJA funding, combined with our other annual and discretionary grant funding, will be dedicated to modernizing and upgrading critical infrastructure across the Amtrak network including tunnels, bridges, stations, fleet, and more.
Using our progress through a number of key planned projects, this presentation will describe alternate contracting models we are evaluating to improve project delivery and enhanced project controls (including cost estimating, planning & scheduling, cost management, and cost & schedule risk assessment/risk management), leveraging a number of AACE recommended practices.