WPR News
12:33 pm
Thu January 8, 2004

D-M-And-E Gets Track Repair Loan

Sioux Falls, SD – The Dakota, Minnesota and Eastern Railroad has secured a $233 million dollar federal loan to repair tracks and bridges. The railroad is hoping to build a line into northeastern Wyoming to tap into the Powder River Basin's coal fields. D-M-And-E President Kevin Schieffer says the funding from the Federal Rail Administration gives the company a huge boost. Schieffer says much of the railroad's line was created from abandoned or neglected track. He says finding money to pay for improvements has always been a challenge.