Tuesday, March 6, 2007 at 9:05 pm

FRA Denies DM&E’s Powder River Loan Guarantee

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The April 2007 issue of Trains, which arrived in my mailbox last week, had a short article about the Dakota, Minnesota & Eastern winning its case before the 8th U.S. Circuit Court of Appeals: it’s trying to secure $2.5 billion in federal loans to upgrade its line and expand westward to tap into the Powder River Basin and its lucrative coal traffic. All that remained at press time, the article said, was word from the FRA.

Word has indeed come from the FRA: it came last week, and the word is “no.” Controversial columnist Robert Novak has the goods on the politics behind the DM&E’s proposal, including its past ties to Sen. John Thune (R—SD). Via Ticket Punch.

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