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DM&E Financing revisited.
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[quote user="bobwilcox"][quote user="futuremodal"][quote user="Murphy Siding"] <FONT face=Verdana size=2>[quote user="futuremodal"]</FONT><FONT face=Verdana size=2> </FONT> <P> <P><FONT face=Verdana size=2></FONT></P><FONT face=Verdana size=2>Did I mention that BNSF is <EM>the</EM> NIMBY in this case?</FONT> <P></P> <P>[/quote]</P> <P> Can you explain this thought a little better? Is BNSF <EM>openly</EM> opposing the DM&E loan?</P> <P>[/quote]</P> <P>Yes. Matt Rose, the BNSF honcho, has gone on record as stating the DM&E project is "bad public policy".</P> <P>I guess such things are only "good public policy" when the federal aid goes to the current rail oligarchs, as opposed to rail oligarchial wannabes.</P> <P>[/quote]</P> <P>Matt Rose gets paid to take care of his investors. Why on Earth would he think the DME is a good idea for his investors?</P> <P>[/quote]</P> <P>Because the DM&E PRB line would make a nice capacity addition to all the PRB railroads, as it's East-West profile would reduce BNSF transit time between the Orin line and the Alliance sub. All BNSF has to do is to play nice, and it is likely DM&E will be willing to rent out any extra capacity they might have on that portion, in order to maximize the line's revenue potential.</P> <P>But of course that's not how US rail execs think, given the long sorry history of the integrated closed access mindset. Geez, did Feudalism even last that long?</P>
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