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



Subject Written By Date/Time (PST)
  Union Pacific seeks bond funds for overhaul of Sierra route BROKEN RAIL 02-11-2008 - 12:31
  Re: Union Pacific seeks bond funds for overhaul of Sierra route david vartanoff 02-11-2008 - 22:49
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Gary 02-12-2008 - 04:10
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Brian Jennison 02-12-2008 - 07:13
  Re: Union Pacific seeks bond funds for overhaul of Sierra route George Andrews 02-12-2008 - 08:30
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Jason Kuehn 02-12-2008 - 10:01
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Gary Hunter 02-12-2008 - 12:47
  Re: Union Pacific seeks bond funds for overhaul of Sierra route David Jansson 02-12-2008 - 14:43
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Zeus 02-12-2008 - 15:23
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Dave Smith 02-12-2008 - 19:16
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Dr. Zarkoff 02-12-2008 - 19:35
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Rich Hunn 02-12-2008 - 20:00
  Re: Union Pacific seeks bond funds for overhaul of Sierra route capitalism at its best 02-12-2008 - 20:15
  Re: Union Pacific seeks bond funds for overhaul of Sierra route LarryB 02-12-2008 - 21:14
  Re: Union Pacific seeks bond funds for overhaul of Sierra route E 02-12-2008 - 22:57
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Randall's Coleman Lantern 02-13-2008 - 09:04
  Re: Union Pacific seeks bond funds for overhaul of Sierra route David Jansson 02-13-2008 - 09:18
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Dave Smith 02-13-2008 - 19:21
  Re: Union Pacific seeks bond funds for overhaul of Sierra route RRGary 02-13-2008 - 09:37
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Espee 99 02-13-2008 - 12:38
  Re: Union Pacific seeks bond funds for overhaul of Sierra route Rich Hunn 02-13-2008 - 16:14
  Re: Union Pacific seeks bond funds for overhaul of Sierra route E 02-18-2008 - 19:37


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