[Federal Register Volume 67, Number 115 (Friday, June 14, 2002)]
[Notices]
[Page 40980]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-14951]


-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

[STB Finance Docket No. 34205]


West Texas and Lubbock Railway Company, Inc.--Acquisition and 
Operation Exemption--West Texas and Lubbock Railroad Company, Inc.

    West Texas and Lubbock Railway Company, Inc. (Railway), a 
noncarrier, has filed a verified notice of exemption under 49 CFR 
1150.31 to acquire by lease (with a future purchase option) and operate 
two rail lines owned by the West Texas and Lubbock Railroad Company, 
Inc. (Railroad): (1) Between milepost 06.3 on the outskirts of Lubbock 
and the end of the line at milepost 63.8 at Seagraves; and (2) between 
milepost 3.2 at Lubbock and milepost 38.9 at Whiteface. In addition, 
Railway will acquire by assignment approximately 5 miles of trackage 
rights which Railroad presently holds over The Burlington and Northern 
and Santa Fe Railway Company (BNSF) between BNSF milepost 83.6 at 
Broadview and BNSF milepost 88.6 at Canyon Junction in the vicinity of 
Lubbock. These trackage rights shall be used for the purpose of 
interchange only. The total trackage involved is approximately 107 
miles.\1\
---------------------------------------------------------------------------

    \1\ Due to a track relocation project, the mileposts do not 
accurately reflect the actual length of the rail line.
---------------------------------------------------------------------------

    Railway certifies that its projected annual revenues will not 
exceed those that would qualify it as a Class III rail carrier and that 
its annual revenues are not projected to exceed $5 million.
    The transaction was scheduled to be consummated on or after the May 
24, 2002 effective date of the exemption, 7 days after the exemption 
was filed.
    This transaction is related to STB Finance Docket No. 34206, 
Permian Basin Railways, Inc.--Continuance in Control Exemption--West 
Texas and Lubbock Railway Company, Inc. and Austin & Northwestern 
Railroad Company, Inc., wherein Permian Basin Railways, Inc. (Permian) 
has concurrently filed a verified notice to continue in control of 
Austin & Northwestern Railroad Company, Inc. and Railway, upon 
Railway's becoming a Class III railroad.
    If the verified notice contains false or misleading information, 
the exemption is void ab initio. Petitions to reopen the proceeding 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. 34205, must be filed with the Surface Transportation 
Board, Case Control Unit, 1925 K Street, NW., Washington, DC 20423-
0001. In addition, a copy of each pleading must be served on John D. 
Heffner, 555 12th Street, NW., Suite 950N, Washington, DC 20004.
    Board decisions and notices are available on our website at 
``www.stb.dot.gov.''

    Decided: June 7, 2002.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 02-14951 Filed 6-13-02; 8:45 am]
BILLING CODE 4915-00-P