Uinta Basin Railway Backers Set Hearing on Bonds

Uinta Basin Railway backers set hearing on bonds

The Uinta Basin Railway is seeking bond funding for its 88-mile line to a connection with Union Pacific in eastern Utah, using a route known as the Whitmore Park alternative. Seven County Infrastructure Coalition PRICE, Utah — The Seven County Infrastructure Coalition, the governmental body behind the Uinta Basin Railway project, has scheduled a public hearing for Thursday, June 12, on its intent to seek $2.4 billion in private activity bonds fo…

Uinta Basin Railway backers want $2.4 billion in tax-exempt transportation bonds as construction costs soar

The coalition of rural Utah counties pushing the development of an 88-mile railroad connecting the Uinta Basin oilfields with the national rail network is rekindling a paused effort to finance the railroad.  Following last month’s U.S. Supreme Court decision that overturned a federal appeals court’s rejection of the Surface Transportation Board’s 2021 approval of the railroad, the Seven County Infrastructure Coalition last week approved a plan t…