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Monday, July 27, 2009

Railroad: DOT not getting fair value

John DiStaso reports in the Union Leader that Pan Am chief David Fink now claims his railroad would generate higher revenues for the state than the rail line operated by State Representative Peter Leishman:
Pan Am Railways, a subsidiary of Nashua-based Pan Am Systems, asks in letters to DOT Commissioner George Campbell "whether the state of New Hampshire is maximizing the value of its assets" and charges that "the state is losing thousands of dollars in potential revenue at a time when significant budget cuts and layoffs are occurring." (more)
Leishman claims that while his company is allowed to charge higher rates for use of the track, doing do would force his only customers to use trucks instead of trains.

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