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115084 1 (1981-04-30)

handle is hein.gao/gaobadysc0001 and id is 1 raw text is: 





           UT1UNITL,1D jrATES GL:Ra- ACCOUNTING OFFICE

                   WASHINGTON, D.C. 20548


                                 FO. RELLASE ON DELIVERY
                                 EXPECTED kT 9:30 A.i1.,
                                 THURSDAY, APRIL 30, 1981

                        STATEIENT OF

             HERBERT MCLURE, ASSOCIATE DIRECTOR                   IH

       COMMUNITY AND ECONOIIIC DEVELOPMENT DIVISION      115084

                         BEFORE THE

   SUDCO.4tlIT'TEE ON COiMERCd, TRANSPORTATION, AND TOURISl i

          HOUSE COMMITTEE ON ENERGY AND COMMERCE

                             ON

   &NORTHLAST CORRIDOR IrIPROVE, iENT PROJECT i3UI)Glf CUTS

HR. CHAIRMAN AND M1E[4BERS OF THE SUBCOWHIITTEL:

     WE ARE HERE TODAY 20 DISCUSS THE RESULTS OF WOiRK YOU

REQUEL TEI) LAST [IONTHi ON THE POTENTIAL COST OF TLRMINATING

ELECTRI F 1CA'O [(, l) Ioh q  q CN'AC l CS  '2Y )JOULD NO

LO4GJR  sE NEI)1-i)  'F  I'diE  P{OJECT  IS  CUT  BACK.

    _THE Pd IIl'Pf H4S PROPOSI) THAT ThfE CJRRII)OR IIlPrOVLElIiN'

PROJECT BUDGET OF $2.5 BILLION BE REDUCED BY ABOUT $310 iIL-

LION. THE FEDERAL RAILROAD ADIINIST;ZATION (FRA) PLiiNS TO

hAVE '2rlIS AM4OUNT BY REDUCING bPENDING ON ELECTRIFICATIONJT3Y

ABOUT $145 rIIfLION, SIGN1,L1N )  A.BU  $(5 I1LI1N, 3RIDGES

BY ABOUT $40 MILLION, AND ,AO       BY ABOUT $30  ILLION. FA

PLANS TO SAVE AROUND $20 AILLION BY TERMINATING ELECTRIFICA-

TION AND SIGNALING CONTRACTS FOR WORK ALREADY STARTED AND

THE OTHER $290 tlILLION BY NOT STARTING PREVIOUSLY PLANNED

ELECTRIFICATION, SIGNALING, BRIDGE, AND STATION WORK.



                         (:    T 67 .-a

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