PIERRE, (KCCR) — The South Dakota State Railroad Board has approved the sale of two state-owned rail assets to the Rapid City, Pierre and Eastern Railroad. Ross Lane with R-C-P and E parent Genesee and Wyoming says the company has partnered with the state to invest well over 150-million dollars on their line in South Dakota…
Lane says the railroad’s desire to purchase both the Wolsey Interchange and a 15-mile spur to Yale proves their commitment to South Dakota…
State Transportation Secretary Joel Jundt says it’s been a long standing goal to return state-owned rail to private industry…
The Rapid City, Pierre and Eastern is purchasing the two rail assets for just over three million dollars.
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