Business

Exclusive: Congressional Democrats set to back more than $50 billion for transportation sector

WASHINGTON (Reuters) – Democrats in the U.S. Congress are set to release a sweeping plan on Monday to provide more than $50 billion in additional assistance to U.S. airlines, transit systems, airports and passenger railroad Amtrak and create a new $3 billion program to assist aviation manufacturers with payroll costs, according to documents seen by Reuters and sources briefed on the matter.

The $1.9 billion COVID-19 relief proposal will provide $30 billion to transit agencies, $14 billion for passenger airlines, $8 billion to U.S. airports and $1.5 billion to Amtrak, the draft legislation says. U.S. House committees are set to vote on the legislation on Wednesday.

(Reporting by David Shepardson, Editing by Franklin Paul)

Read the original article on Business Insider

Powered by WPeMatico

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.