At the risk of enabling Russel, he was close on this one. It was not a new railroad, it was a proposal to use the existing lines from the Port of Oakland to Crows Landing. A new 'short haul' rail hub was to be built at the old base. However the port pulled out of it back in Sept.'07. It appears to be a dead issue now. Se the link below.
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www.modbee.com]