Go to: Message List•New Topic•Search
FRA DENIES DM&E LOAN
Author: Larry W. Grant
Date: 02-26-2007 - 14:38

Word has just begun to clear the wire services that the Federal Railroad Railroad Administration has apparently denied a $2.3 billion loan to the Dakota, Minnesota & Eastern Railroad, according to a source familiar with the case.

Officially, however, FRA’s Steve Kulm was saying as late as 5 p.m. EST that no announcement had been made.

The FRA cited what it called “unacceptable risk” associated with the project. DM&E wanted to upgrade its existing line and expand 280 miles into the coal-rich Powder River Basin of Wyoming.

I will try to post the latest update in tomorrow's "Railroad Newline"

Larry

Navigate: Previous Message•Next Message
Options: Reply To This Message•Quote This Message


Subject Written By Date/Time (PST)
  FRA DENIES DM&E LOAN Larry W. Grant 02-26-2007 - 14:38
  UPDATE - Re: FRA DENIES DM&E LOAN Larry W. Grant 02-26-2007 - 14:57
  Re: UPDATE - Re: FRA DENIES DM&E LOAN Earl Pitts 02-26-2007 - 21:17


Go to: Message List•Search
Subject: 
Your Name: 
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
 ********   **     **  **     **  ********  ******** 
 **     **  **     **   **   **   **           **    
 **     **  **     **    ** **    **           **    
 ********   **     **     ***     ******       **    
 **          **   **     ** **    **           **    
 **           ** **     **   **   **           **    
 **            ***     **     **  ********     **
This message board is maintained by:Altamont Press
You can send us an email at altamontpress1@gmail.com