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Freight Rail Day 2011. “ Freight Rail: Working for Wisconsin ” A CASE STUDY. Ken Lucht Wisconsin & Southern Railroad Co. A PUBLIC / PRIVATE PARTNERSHIP Est. 1980 under Stats. 66.1021. PLYMOUTH TO KOHLER RAIL RECONSTRUCTION PROJECT. 11-Mile East West Segment

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Presentation Transcript
slide1

Freight Rail Day 2011

“Freight Rail: Working for Wisconsin”

A CASE STUDY

Ken Lucht

Wisconsin & Southern

Railroad Co.

slide4

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
slide8

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
slide10

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.
slide11

PLANNING & CONSTRUCTION

  • Complete Reconstruction $15 Million
  • Federal / State Government Permitting
      • STB WDNR WSHS WisDOT
  • Local Government Participation
  • Stakeholder Identification
  • Economic Feasibility & Financing
slide12

WORK SCOPE

  • 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
slide13

STAKEHOLDER GROUP

  • 7 Private Companies
  • 3 Communities
  • 1 County
  • Chambers & Sheboygan County EDC
  • 2 Railroad Companies
  • State of Wisconsin
  • Locally-Elected Officials
slide14

FINANCIAL PLAN

  • Shared amongst various stakeholders
  • Fair & Equitable
  • Return on Investment
  • State would play key role
  • In 2009 State awarded a $12 Million Grant
  • Stakeholder Group to secure Local Match
slide15

FINANCIAL COMMITMENTS

TO DATE:

Secured: 93% of Total Project Costs

80% Preservation Grant

8% Private Sector Sources

5% Municipal Sources

Unsecured: 7% of Total Project Costs

slide16

PROJECT BENEFITS

  • $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
slide18

THANK YOU

Ken Lucht

Community Development Mgr

Wisconsin & Southern Railroad Co.

www.wsorrailroad.com