Projects proposed for RRIF Financing

Don Cleland

Projects to be funded through RRIF

• Refinance of existing capital debt• Key bridge projects• Rehab of Ashland Line to bring 15 miles up to

FRA Class 2 track• Certified railroad scale• Expansion of yard switching capacity• Construct a locomotive servicing shop facility• Restore to service one GP-38 locomotive• Lay new 115# rail on selected curves

Refinance of existing capital debt

• Take advantage of longer terms and lower interest rates

• Better manage cash flow to address necessary maintenance and enhance flexibility to respond to growth opportunities

Key Bridge Projects• Replace timber structure with steel

and concrete at Mansfield, OH.

Track Rehab of Ashland Line• Timber and surface 15 miles of track

Certified Railroad Scale• Rail scale to address customer

demand

Expansion of Yard • Increase switching capacity

Construct Locomotive Servicing Facility

• Most servicing and repair work is currently performed without protection from the elements

• Enhance safety, productivity, and better manage environmental regulation compliance

Restore a locomotive to service• Rebuild prime mover and traction

motors

Lay new 115# rail• 3.5 miles of curves where traffic is

heaviest

ORDC – Railroad partnership• Ashland Railway considered applying for RRIF

assistance for a number of years• Access to private funding is not expected to

meet our needs• ORDC guidance and support is providing

important assistance as we go through the RRIF process

• Ashland Railway will continue to be a strong partner in state and local development of new opportunities for job creation in the communities we serve