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Union Pacific seeks bond funds for overhaul of Sierra route
Author: BROKEN RAIL
Date: 02-11-2008 - 12:31
Union Pacific Donner Pass Double-track and Tunnel Modification Project CTC FUNDS
Union Pacific seeks bond funds for overhaul of Sierra route
Union Pacific Railroad is seeking public funds to pay for half of a project that would raise tunnel clearances and construct a second main track over Donner Summit, making it easier to move goods across the Sierra.
The project would cost an estimated $86 million in 2010 dollars, wrote Jim Young, chairman, president and chief executive officer for Union Pacific Corp., in a letter to the California Transportation Commission.
Union Pacific (NYSE: UNP) has pledged to provide up to half of the cost.
The railroad last month submitted an application to the commission for state funding. Proposition 1B, approved by voters in 2006, includes $2 billion for infrastructure improvements along trade corridors with a high volume of freight movement
Sacramento Business Journal - by Melanie Turner
Union Pacific seeks bond funds for overhaul of Sierra route
Union Pacific Railroad is seeking public funds to pay for half of a project that would raise tunnel clearances and construct a second main track over Donner Summit, making it easier to move goods across the Sierra.
The project would cost an estimated $86 million in 2010 dollars, wrote Jim Young, chairman, president and chief executive officer for Union Pacific Corp., in a letter to the California Transportation Commission.
Union Pacific (NYSE: UNP) has pledged to provide up to half of the cost.
The railroad last month submitted an application to the commission for state funding. Proposition 1B, approved by voters in 2006, includes $2 billion for infrastructure improvements along trade corridors with a high volume of freight movement
Sacramento Business Journal - by Melanie Turner
Union Pacific seeks bond funds for overhaul of Sierra route