Port of Coos Bay
Author: Siskiyou Rail Fan
Date: 12-11-2008 - 08:17
From KQEN Radio, Roseburg, Oregon:
The International Port of Coos Bay has filed a Petition for Reconsideration for the Coos Bay Rail Line.
In yesterdays filing with the Surface Transportation Board in Washington, D.C., The Port explains the Board made an error by not including the bridge removal and tunnel closure costs as a negative value.
The Port says in its filing, had the STB included the negative value, the sales price on the line should about 8-million dollars instead of the 16.6 million dollar price tag.
The STB is expected to review the Ports reconsideration application within the next 60 days.