This was just posted in Progressive Railroading, and I have snipped just a bit of it:
Maine grants would help preserve regional's line, improve short line's service
Maine Gov. John Baldacci recently released details of a $79 million job creation/investment package that includes $62 million for rail, port and highway projects.
The state’s unemployment rate reached 8.2 percent in January, up from 8.1 percent in December and 7.3 percent in January 2009. The number of unemployed workers increased by 6,500 year over year to 57,900.
The rail projects Baldacci’s package/grants target to create jobs include:
• $17 million to help the Montreal, Maine and Atlantic Railway Inc. (MMA) preserve 240 miles of track in Aroostook County; and
• $5 million for various rail improvements in Lewiston-Auburn, enabling the St. Lawrence & Atlantic Railroad to purchase a line from Yarmouth to Auburn to improve freight-rail service and prepare for future passenger-rail service.
So, this brings a couple of questions. Is this yet another funding vehicle, in addition to the two previously announced bond issues, and federal backing from US DOT that Senator Collins has apparently secured, or is this the avenue through which said funding will be applied? I am thinking the latter, with the feds throwing in a chunk of money to help the state fund this, since they probably don't have $79 million laying around...
Appreciate any insights.
Maine grants would help preserve regional's line, improve short line's service
Maine Gov. John Baldacci recently released details of a $79 million job creation/investment package that includes $62 million for rail, port and highway projects.
The state’s unemployment rate reached 8.2 percent in January, up from 8.1 percent in December and 7.3 percent in January 2009. The number of unemployed workers increased by 6,500 year over year to 57,900.
The rail projects Baldacci’s package/grants target to create jobs include:
• $17 million to help the Montreal, Maine and Atlantic Railway Inc. (MMA) preserve 240 miles of track in Aroostook County; and
• $5 million for various rail improvements in Lewiston-Auburn, enabling the St. Lawrence & Atlantic Railroad to purchase a line from Yarmouth to Auburn to improve freight-rail service and prepare for future passenger-rail service.
So, this brings a couple of questions. Is this yet another funding vehicle, in addition to the two previously announced bond issues, and federal backing from US DOT that Senator Collins has apparently secured, or is this the avenue through which said funding will be applied? I am thinking the latter, with the feds throwing in a chunk of money to help the state fund this, since they probably don't have $79 million laying around...
Appreciate any insights.
Mike Derrick