Document Date
Meeting Description
Document Type
Meeting Date
Page Number
35
Boston Surface Railroad Company
Projected Timeline to Operation
¢ 2018 - Seeking $6-12M grant Consolidated
Rail Infrastructure and Safety Improvement
(CRISI) program through USDOT
* engineering, rolling stock, land, environmental
* $275,000 for Bedford-Nashua segment
* 2018-19 Seeking up to $130 debt financing for
infrastructure and start up operations
* Private equity offerings
* Railroad Rehabilitation & Improvement Financing
through USDOT - development of railroad
infrastructure
* 2019 —track rights and operation testing
¢ 2020 — Worcester to Providence line operates
* 2021 — Lowell to Worcester operates
* 2023 — Bedford to Lowell operates
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