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Scrap value of Lamolle Valley Railroad in VT

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Raymond, I spoke with our Executive Director, Bryant Watson, who has been in attendance at all of the Lamoille Valley Railroad planning meetings. He gave me the information in the first paragraph of the e-mail I sent to you yesterday. As for the scrap value of the rails, here is the breakdown that we have according to the bid documents from AOT, which were provided to me again by the Executive Director. There is an estimated 400,000 lineal feet of rail on the Lamoille Valley Railroad estimated at $2,344,000.00 scrap value. $1,524,000.00 of this money is going back to the State of Vermont. The other $820,000.00 is going to the contractor for costs involved in removing all of the rails and ties, trucking etc. Of the $1,524,000 going to the State of Vermont $789,000.00 of it is being spent on repairing all the highway crossings, and $75,000.00 has been allocated for use in repair of the rail bed after the rails and ties are removed as I mentioned in my e-mail to you yesterday. So the net amount of money that is going to the State of Vermont when all is said and done is approximately $660,000.00. This again is according to the bid documents that we have. I hope this information helps you out and answers your questions. Please let me know if you have any further questions. Have a good day. Matt Tetreault VAST Trails Assistant
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