Facility Improvements. If Amtrak agrees to maintain LVRE Equipment, modifications to 8▇▇ ▇▇▇▇▇▇ Yard are necessary, and would be funded by LVRE with the understanding that such investments could be used by Amtrak to support its own intercity services when not necessary to accommodate LVRE Equipment ("Facility Improvements"). Amtrak shall own the Facility Improvements. Amtrak is being considered to perform the following related to the Facility Improvements: 1) Amtrak to supervise and manage the design and construction of Facility Improvements; 2) Consideration of financial reduction in maintenance payments for a specified period of time to be agreed upon by the Parties in exchange for Facility improvements; 3) Until Facility Improvements are completed, Amtrak will arrange for and accommodate all agreed upon services requested by LVRE so long as it does not interfere with Amtrak intercity service obligations;
Appears in 2 contracts
Sources: Memorandum of Understanding (Las Vegas Railway Express, Inc.), Memorandum of Understanding (Las Vegas Railway Express, Inc.)