- Published: Monday, 09 May 2016 14:53
- Written by E&MJ News
The U.S. Surface Transportation Board (STB) has killed the future of the planned 42-mile-long Tongue River Railroad, citing the uncertainty of permitting, costs and a continued weak coal market. The unanimous STB decision was made public on April 26. The application for the line, which had a price tag of $405 million, was suspended by its backers—Arch Coal, BNSF and TRRC Financing—late last year. The origination and service point for Tongue River, which was first proposed more than 30 years ago, would have been Arch Coal’s planned Otter Creek operation. Arch filed for Chapter 11 bankruptcy and subsequently shelved its plans for Otter Creek last month.