[Federal Register Volume 66, Number 55 (Wednesday, March 21, 2001)]
[Notices]
[Pages 15941-15942]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-7019]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34015]


Waterloo Railway Company--Acquisition Exemption--Bangor and 
Aroostook Railroad Company and Van Buren Bridge Company

    Waterloo Railway Company (WRC),\1\ a Class III rail carrier, has 
filed a notice of exemption under 49 CFR 1150.41 to acquire, pursuant 
to a negotiated agreement the parties were in the process of executing, 
a nonexclusive freight operating easement over a line of railroad of 
Bangor and Aroostook Railroad Company (BAR) between milepost 0.0 at 
Madawaska, ME, and milepost 22.72 at Canadian Junction, and Van Buren 
Bridge Company (VBBC) \2\ between milepost 0.0 at Canadian Junction and 
milepost 0.31 at the United States-Canada border, a total distance of 
approximately 23.03 miles (Madawaska Line).\3\ WRC certifies that its 
projected annual operating revenues will not exceed $5 million.
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    \1\ WRC is a wholly owned direct subsidiary of Illinois Central 
Railroad Company (IC), and IC is, in turn, a wholly owned, indirect 
subsidiary of CNR. See Canadian National Railway Company, Grand 
Trunk Corporation and Grand Trunk Western Railroad Incorporated--
Control--Illinois Central Corporation, Illinois Central Railroad 
Company, Chicago, Central and Pacific Railroad Company, and Cedar 
River Railroad Company, STB Finance Docket No. 33556, Decision No. 
37 (STB served May 25, 1999).
    \2\ VBBC is a wholly owned subsidiary of BAR. See Iron Road 
Railways Incorporated, Benjamin F. Collins, John F. DePodesta, 
Daniel Sabin, and Robert T. Schmidt--Control Exemption--Bangor and 
Aroostook Railroad Company, Canadian American Railroad Company, Iowa 
Northern Railway Company and The Northern Vermont Railroad Company 
Incorporated, STB Finance Docket No. 32982, and Iron Road Railways 
Incorporated and Bangor and Aroostook Acquisition Corporation--
Control Exemption--Bangor and Aroostook Railroad Company and 
Canadian American Railroad Company, Finance Docket No. 32657 (STB 
served Sept. 12, 1996).
    \3\ The transaction will include a similar easement with respect 
to the remainder of VBBC's line in Canada, extending to the 
connection with Canadian National Railway Company (CNR) in St. 
Leonard, New Brunswick, Canada. That portion of the transaction is 
not subject to the Board's jurisdiction.
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    This transaction is related to a simultaneously filed notice of 
exemption in STB Finance Docket No. 34014, Canadian National Railway 
Company--Trackage Rights Exemption--Bangor and Aroostook Railroad and 
Van Buren Bridge Company, wherein CNR will enter into a trackage rights 
agreement with BAR and VBBC permitting CNR to conduct limited local 
trackage rights operations over the Madawaska Line. It is not presently 
expected that WRC will

[[Page 15942]]

conduct rail operations on the Madawaska Line.
    The transaction is scheduled to be consummated on or shortly after 
March 14, 2001.
    If the notice contains false or misleading information, the 
exemption is void ab initio. Petitions to revoke the exemption under 49 
U.S.C. 10502(d) may be filed at any time. The filing of a petition to 
revoke will not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 34015, must be filed with the Surface Transportation 
Board, Office of the Secretary, Case Control Unit, 1925 K Street, NW., 
Washington, DC 20423-0001. In addition, a copy of each pleading must be 
served on William C. Sippel, Esq., Fletcher & Sippel LLC, Two 
Prudential Plaza, Suite 3125, 180 North Stetson Avenue, Chicago, IL 
60601-6721.
    Board decisions and notices are available on our website at http://www.stb.dot.gov.

    Decided: March 14, 2001.
    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 01-7019 Filed 3-20-01; 8:45 am]
BILLING CODE 4915-00-P