The South Dakota State Railroad Board has finalized an agreement for the South Dakota Department of Transportation to sell the Sioux Valley rail line to the D&I Railroad Co. for $10 million.
The U.S. Department of Transportation’s Federal Railroad Administration (FRA) earlier this month announced more than $326 million in grants for a wide variety of state and local railroad infrastructure projects.
R. J. Corman Railroad Co. is buying the Nashville & Eastern Railroad Corp., Nashville & Western Railroad Corp., Transit Solutions Group and three related operating entities.