Upload
oswald-wilkerson
View
217
Download
0
Tags:
Embed Size (px)
Citation preview
Freight Rail Day 2011
“Freight Rail: Working for Wisconsin”
A CASE STUDY
Ken LuchtWisconsin & SouthernRailroad Co.
A PUBLIC / PRIVATE PARTNERSHIPEst. 1980 under Stats. 66.1021
PLYMOUTH TO KOHLER RAIL RECONSTRUCTION PROJECT
11-Mile East West Segment
Originally built in 1859 for passenger service
Sheboygan & Mississippi RR
“Out of service” for 30 years, never abandoned
Railroad corridor still in tact today
PLYMOUTH TO KOHLER RAIL RECONSTRUCTION PROJECT
In 2006, eastern portion of line was embargoed
Impacts felt in private and public sectors
Commodities include: Grain, Fertilizer, Lumber, Plastics, Cold Foods
In 2008, WisDOT released Economic Report
In 2009, State of WI acquired line from UP
TRANSLOADING
ECONOMIC IMPACT ANALYSIS
Approximately 2,883 Direct Jobs At Stake
$137 Million in Personal Income
$614 Million in Output (Sales)
Study identified over 100 potential rail users within 1 mile
Loss of Rail increases transportation costs by $500 K
Conclusion: Clear potential for business development
if rail line is re-activated in Sheboygan County.
PLANNING & CONSTRUCTION
Complete Reconstruction $15 Million
Federal / State Government Permitting
STB WDNR WSHS WisDOT
Local Government Participation
Stakeholder Identification
Economic Feasibility & Financing
Brush Cutting / Surveying
Dismantle Existing
Rebuild to meet 286,000 Lb. Standards
11 miles of Welded Rail
40,000 New Wood Ties
Rebuild 17 At-Grade Public Rail Crossings
Rebuild 4 Structures
Competitive Bid & Prevailing Wage Requirements
WORK SCOPE
7 Private Companies
3 Communities
1 County
Chambers & Sheboygan County EDC
2 Railroad Companies
State of Wisconsin
Locally-Elected Officials
STAKEHOLDER GROUP
Shared amongst various stakeholders
Fair & Equitable
Return on Investment
State would play key role
FINANCIAL PLAN
In 2009 State awarded a $12 Million Grant
Stakeholder Group to secure Local Match
TO DATE:
Secured: 93% of Total Project Costs
80% Preservation Grant
8% Private Sector Sources
5% Municipal Sources
Unsecured: 7% of Total Project Costs
FINANCIAL COMMITMENTS
• $5 Million infused into local economy
• AAR Estimates $15 Million investment will
yield $45 Million in economic output
• Could result in 300 new jobs in region
• Enhance Local Tax Base
• Direct access to national and world markets
• Business Attraction throughout county
PROJECT BENEFITS
COMMUNITY INVOLVEMENT
Ken LuchtCommunity Development Mgr Wisconsin & Southern Railroad Co. www.wsorrailroad.com
THANK YOU