G
George Harris_*
Guest
Here is the information from the horse’s mouth, quoting from the Belen to Santa Fe commuter Rail Project Overview and Status of Project Elements, revised July 5, 2007.
This section works out to just under one million dollars per mile.Property Acquisition
Through three separate closings, New Mexico will acquire the line and associated right of way from Belen, new Mexico to the Colorado state line for $75 million. specifically, New Mexico will assume all BNSF’s right, title, and interest in improvements located on the land including signals, rights of way and track, right, title and interest in any tangible personal property and fixtures of any kind owned by BNSF and attached to or used exclusively in connection with the ownership, maintenance or operation of the railroad, and right, title and interest to third party leases/easements other than fiber optic agreements as of the date of each closing. BNSDF reserves for itself and its successors an exclusive easement for freight railroad purposes, including, but not limited to, the construction, maintenance, repair, replacement and operation of freight rail and associated facilities, subject to the provisions of the joint Use Agreement.
The first closing, which occurred on March 17th, 2006, resulted in the purchase of the line, spurs, rights of way etc. for the portion of the corridor between Belen and Bernalillo. The cost for this segment was $50 million. There are about 51 miles of mainline track and 10 miles of spur line track in this segment. In most places along this section, New Mexico acquired the full width of the corridor that is currently owned by BNSF. For most of the corridor this width is 100 feet. BNSF retained the Abajo Switching Yard, and the auto offloading and inter-modal facilities in the southern part of Albuquerque. New Mexico received additional width properties that BNSF owns in Belen and downtown Bernalillo for stations.
This section words out to about $417,000 per mile.The second closing, occurred on February 28th, 2007 and resulted in the purchase of the line, rights of way etc. for the portion of the corridor between Bernalillo and Lamy. The cost for this segment was $20 million. There are approximately 48 miles of mainline track and four miles of spur track in this segment. New Mexico acquired the full width of the corridor that was owned by BNSF. For most of the corridor, this width is 100 feet.
Note: all other discussions on this sale give the northern end as Trinidad, Colorado, not the state line. Trinidad is about 20 miles north of the state line. The undated “nmgrip” press release on the sale, Summary of the State of New Mexico’s agreement with BNSF says,The third closing, which is scheduled to occur in December 2008, will result in the purchase of the line, rights of way etc. for the portion of the corridor between Lamy and the Colorado state line. The cost for this segment is $5 million. There are approximately 170 miles of mainline track and 30 miles of spur track in this segment. New Mexico acquired the full width of the corridor that is currently owned by BNSF. For most of the corridor, this width is 100 feet.
This section words out to $29,400 per mile for 170 miles or $25,000 per mile for 200 miles.Phase Three involved the $5 million purchase of 200 miles of mainline track between Lamy NM and Trinidad, Colo. this agreement will go into effect Dec. 5, 2008.