Surface Transportation Board approves USD1.4 bn Uinta Basin Railway PPP
The Federal Surface Transportation Board has approved the Uinta Basin Railway PPP project in Utah, USA.
The project involves the development of an 85-mile rail line that connects Uinta Basin to the national network. The expected investment in the project is USD1.4 billion, and it will be financed and operated by private firms under a public-private partnership. The project aims to link Uinta Basin’s oil production to markets outside of Utah and to enhance and expand access to both national and international markets.
Rio Grande Pacific Corp. is responsible for operating the line whereas Drexel Hamilton Infrastructure Partners would finance it according to an Environmental Impact Statement (EIS).
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