MDOT on railcar lease: Time to ‘stop the bleeding’

February 26, 2015

The state transportation director told lawmakers Wednesday he will make a recommendation within 30 days either to scrap a contract costing $3,000 a day to lease idle railcars or find subleases that will help offset financial losses to taxpayers.

“These cars are costing us money right now and we’ve got to figure out how are we going to … stop the bleeding,” Michigan Department of Transportation Director Kirk Steudle told a rare joint meeting of the House Oversight and Ethics and Transportation and Infrastructure Committees, and the House Appropriations Subcommittee on Transportation…

Now, MDOT will look at “shipping them out” through sublets for use in places such as Illinois or Texas, Steudle told lawmakers…

One of the attractive aspects of the proposed Ann Arbor-Detroit service is that it would connect at New Center with the M-1 rail line now under construction, linking commuters to downtown…

Read the rest of the story in the Detroit Free Press, 25 February 2015.

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