Oklahoma shortline update: OmniTRAX: Stillwater Central

摘要

Oklahoma awarded the opportunity to purchase a 97.5-mile line known as the Sooner Sub to the Stillwater Central Railroad, L.L.C. (SLWC), a subsidiary of Watco Transportation Services, L.L.C. BNSF also made an offer on the line, which runs between Del City, Okla., and Sapulpa, Okla. The winning proposal sets the sale price of the line at $75 million along with a commitment of the purchaser to bring the Sooner Sub to FRA Class 3 track conditions, which SLWC estimates will cost $2.35 million. SLWC has invested $16 million in the Sooner Sub since 1998 and the railroad plans for an aggressive capital and maintenance program and says it will spend between $2.4 and $2.6 million per year over the next 10 years on the Sooner Sub. SLWC estimates the total cost of capital and maintenance expenditures for infrastructure investment over the next 10 years will be approximately $25 million.