“This new classification of bonds is targeting freight transfer between truck and rail. The one component that always had me concerned on the overall financing of this project was the rail. It is a very important piece.”
“This type of bond gives us a much easier time to create and finance at a lower cost. Hopefully we can be far enough along when the next authorization comes around that we can reach and grab it. It is the first time the railroads have been able to tap into the tax-exempt market.”
“That has always been the single most important thing after you put in the runways. What the Department of Transportation is essentially saying is that we need more cargo transportation facilities throughout the United States.”
