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Closing in on the competition: DM&E coal line project waits on loan financing after getting go-ahead from STB.(Transportation: Rail & Intermodal)(Dakota, Minnesota and Eastern)
The Dakota, Minnesota and Eastern got closer to securing a $2.5 billion federal loan package and finding out if it will eventually be able to compete with the coal franchises of railroad giants Union Pacific and BNSF Railway.
The Surface Transportation Board gave its final environmental approval Feb. 15 to DM&E's rail construction project that includes building a 263-mile rail line into the low-sulfur coal fields of Wyoming's Powder River Basin.
The STB's decision dears the way for the Federal Railroad Administration to begin its own assessment of the project and decide whether to approve the multi-billion dollar loan, applied for under the FRA's Railroad Rehabilitation & Improvement Financing program, which will be …
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Magazine article from: Traffic World
Gallagher, John
September 4, 2006
700+ words
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Magazine article from: Traffic World
Gallagher, John
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- FRA Accepts DM&E Review.(Federal Railroad Administration)(Brief article)
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Magazine article from: Traffic World
Boyd, John D.
February 1, 2007
700+ words
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- FRA Denies DM&E Loan.(Federal Railroad Administrator )(Dakota, Minnesota, &...
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Magazine article from: Traffic World
Gallagher, Thomas L.
February 26, 2007
700+ words
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- BNSF, Mayo fight DM&E: decision on loan nears as competition, opposition...
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Magazine article from: Traffic World
Gallagher, John
May 29, 2006
700+ words
