[Federal Register Volume 89, Number 182 (Thursday, September 19, 2024)]
[Notices]
[Page 76910]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21460]


=======================================================================
-----------------------------------------------------------------------

SURFACE TRANSPORTATION BOARD

[Docket No. FD 36803]


Hondo Railway, LLC--Acquisition Exemption--Rail Line of South 
Texas Liquid Terminal, Inc.

    Hondo Railway, LLC (HRC), a Class III rail carrier, has filed a 
verified notice of exemption under 49 CFR 1150.41 to acquire from South 
Texas Liquid Terminal, Inc. (STLT), 13,200 feet of track in the 
vicinity of Hondo, Tex. in Medina County (the Line).\1\ HRC states that 
there are no mileposts on the Line.
---------------------------------------------------------------------------

    \1\ This transaction is related to a concurrently filed verified 
notice of exemption in Macquarie Infrastructure Partners V GP, LLC--
Control Exemption--Hondo Ry., Docket No. FD 36802, for Macquarie 
Infrastructure Partners V GP, LLC, on behalf of itself and its 
subsidiaries--the Macquarie Infrastructure Partners V fund vehicle; 
MIP V Rail, LLC; and Pinsly Railroad Company, LLC--to acquire 
control of HRC.
---------------------------------------------------------------------------

    According to the verified notice, HRC has operated over the Line 
pursuant to a lease agreement between HRC and STLT since 2006. See 
Hondo Ry.--Lease & Operation Exemption--Rail Line of S. Tex. Liquid 
Terminal, Inc., FD 34901 (STB served Aug. 16, 2006).
    The verified notice states that the parties have reached an 
agreement pursuant to which HRC will convert its existing leasehold 
interest in the Line to fee ownership. HRC states that, following 
consummation of the proposed transaction, HRC will continue to operate 
the Line as it has since 2006.
    HRC certifies that the proposed acquisition of the Line does not 
involve any interchange commitments. HRC further certifies that its 
projected annual revenues as a result of this transaction will not 
result in the creation of a Class II or Class I rail carrier and will 
not exceed $5 million.
    The effective date of the exemption will be established in a 
separate decision.\2\
---------------------------------------------------------------------------

    \2\ The verified notice was initially submitted on August 28, 
2024. HRC filed supplements on September 10 and September 11, 2024. 
September 11, 2024, therefore, is considered the filing date for the 
purpose of calculating the effective date of the exemption. HRC, 
however, has requested that the effective date be advanced to no 
later than September 30, 2024, to avoid complications with respect 
to the closing of the transaction. This request will be addressed in 
a separate decision.
---------------------------------------------------------------------------

    If the verified 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 effectiveness of the 
exemption. Petitions for stay must be filed no later than September 23, 
2024.
    All pleadings, referring to Docket No. FD 36803, must be filed with 
the Surface Transportation Board either via e-filing on the Board's 
website or in writing addressed to 395 E Street SW, Washington, DC 
20423-0001. In addition, one copy of each pleading must be served on 
HRC's representative, Kelvin J. Dowd, Slover & Loftus LLP, 1828 L 
Street NW, Suite 1000, Washington, DC 20036.
    According to HRC, this action is categorically excluded from 
environmental review under 49 CFR 1105.6(c) and from historic reporting 
requirements under 49 CFR 1105.8(b).
    Board decisions and notices are available at www.stb.gov.

    Decided: September 16, 2024.

    By the Board, Scott M. Zimmerman, Acting Director, Office of 
Proceedings.
Brendetta Jones,
Clearance Clerk.
[FR Doc. 2024-21460 Filed 9-18-24; 8:45 am]
BILLING CODE 4915-01-P