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California State Rail Plan 2007-08 to 2017-18

California State Rail Plan 2007-08 to 2017-18

California State Rail Plan 2007-08 to 2017-18

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<strong>2007</strong>-<strong>08</strong> – <strong>2017</strong>-<strong>18</strong> <strong>California</strong> <strong>State</strong> <strong>Rail</strong> <strong>Plan</strong>Bond-Funded Freight <strong>Rail</strong> Projects Outside <strong>California</strong>.The Sheffield Flyover/Kansas City, Missouri elevates a three-mile section of theeast-west BNSF mainline and Kansas City Terminal <strong>Rail</strong>road (KCT) throughdown<strong>to</strong>wn Kansas City. The flyover eliminates conflicts with the UP andKansas City Southern (KCS) and benefited up <strong>to</strong> 250 train movements per day.The project cost $75 million and was funded by the BNSF, KCT, and the <strong>State</strong> ofMissouri, which formed a Joint Transportation Corporation <strong>to</strong> issue IndustrialDevelopment Bonds. The 20-year bonds are <strong>to</strong> be repaid through railroadrevenues.The Argentine Connection, also in Kansas City will elevate the east-west BNSFmainline at Santa Fe junction between the KCT mainline in Missouri and theBNSF Argentine Yard in Kansas. The project would eliminate a number of railcrossings and at-grade rail-highway crossings. The project, with an estimated cos<strong>to</strong>f $60 million, will have a similar public-private partnership as the SheffieldCrossing project using Industrial Development Bonds.FEDERAL PROGRAMSOne of the most significant programs coming out of the Safe, Accountable,Flexible, Efficient Transportation Equity Act—A Legacy for Users (SAFETEA-LU) was the Projects of National and Regional Significance (PNRS) program.This program is designed <strong>to</strong> fund major freight-oriented transportation projects ofnational and regional importance. It is in some ways modeled after thedevelopment of the very successful Alameda Corridor, which opened in 2002.The Alameda Corridor is a 20-mile triple-tracked fully grade-separated railcorridor linking the Ports of Los Angeles and Long Beach <strong>to</strong> major intermodal railyards located near down<strong>to</strong>wn Los Angeles.The project consolidated three rail lines and eliminated more than 200 at-gradecrossings. It reduces great amounts of vehicle congestion, reduces both vehicleand locomotive emissions, provides modern access <strong>to</strong> the international Ports ofLong Beach and Los Angeles, reduces the volume of trucking activity, andstimulates economic development.The project cost $2.4 billion and was funded through a multi-level public-privatepartnership. Funding was provided by $1.16 billion in revenue bonds;$400 million in federal loans which were supported by surcharges on loadedcontainers; $394 million from port authorities; $347 million from the Los AngelesMetropolitan Transportation Authority; $130 million from state and federal grants;and $400 million from federal highway funds for street and highway overpasses.The federal loan aspect of the project was also the basis of the TransportationInfrastructure Finance and Innovation Act, which has used <strong>to</strong> support several railprojects in the nation.250

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