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-   -   DM&E PRB Project (http://www.railpictures.net/forums/showthread.php?t=10613)

rathman11 08-27-2009 12:10 AM

DM&E PRB Project
 
For those of you interested, WCCO in the Twin Cities just posted this news story. Looks like the PRB Expansion is officially on hold.

http://wcco.com/business/dme.condemn...2.1145792.html

http://www.trib.com/articles/2009/08...d895024720.txt

nikos1 08-27-2009 03:30 AM

What a surprise....

ShortlinesUSA 08-27-2009 03:46 AM

This is unfortunate, because now is the time to be building so that it will be ready when the economy is back in good shape and the demand for energy is back on the rise. But, if CP doesn't have the money and no one wants to lend it, there's not much else you can do.

Nahant 08-29-2009 03:49 PM

Wasn't part of the deal with CP taking over ICE/DME to get the PRB Expansion since ICE/DME had been turned down before when asking about laying tracks to PRB?

ShortlinesUSA 08-29-2009 05:31 PM

I believe that in seeking a buyer for the DME, they were hoping to find someone with deeper pockets and better access to funding in order to complete the expansion. CP said from the beginning that their reasoning for buying DME was not just about the PRB, but rather the other strong agriculture-related businesses that were booming along the line (read: ethanol). However, with the biofuels industry not doing well at all at present (and arguably not for many years to come), the business case for getting the PRB expansion completed may get stronger.

crazytiger 08-29-2009 06:15 PM

Bummer, I was looking forward to seeing the addition.

Nahant 08-30-2009 12:19 AM

Quote:

Originally Posted by ShortlinesUSA (Post 98088)
I believe that in seeking a buyer for the DME, they were hoping to find someone with deeper pockets and better access to funding in order to complete the expansion. CP said from the beginning that their reasoning for buying DME was not just about the PRB, but rather the other strong agriculture-related businesses that were booming along the line (read: ethanol). However, with the biofuels industry not doing well at all at present (and arguably not for many years to come), the business case for getting the PRB expansion completed may get stronger.

Thank you for the clarification.

DME 6361 09-06-2009 07:16 AM

Well if you go to the UP.com site it states that they are doing different stratagies as to buying the land outright instead of forcing emmenent domain. And not at all stopping --just a different approach!

ichogger77 09-28-2009 08:03 AM

DEAD HORSE!!!!!!!!!! too much shale on the PRB sub

Nahant 09-30-2009 03:37 AM

Bloomer Line
 
Posted in the wrong spot.


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