projects proposed for rrif financing don cleland
TRANSCRIPT
Projects to be funded through RRIF
• Refinance of existing capital debt• Key bridge projects• Rehab of Ashland Line to bring 15 miles up
to FRA Class 2 track• Certified railroad scale• Expansion of yard switching capacity• Construct a locomotive servicing shop
facility• Restore to service one GP-38 locomotive• Lay new 115# rail on selected curves
Refinance of existing capital debt
• Take advantage of longer terms and lower interest rates
• Better manage cash flow to address necessary maintenance and enhance flexibility to respond to growth opportunities
Construct Locomotive Servicing Facility
• Most servicing and repair work is currently performed without protection from the elements
• Enhance safety, productivity, and better manage environmental regulation compliance
ORDC – Railroad partnership
• Ashland Railway considered applying for RRIF assistance for a number of years
• Access to private funding is not expected to meet our needs
• ORDC guidance and support is providing important assistance as we go through the RRIF process
• Ashland Railway will continue to be a strong partner in state and local development of new opportunities for job creation in the communities we serve