Rail Projects for the Vermont Agency of Transportation

MG Rebel understood how critical it was for the State of Vermont to explore several public-private partnership (P3) structuring alternatives and financing sources for the Western Rail Corridor project.

Assessing rail infrastructure improvements in Vermont’s Western Rail Corridor
IMG Rebel worked with the Vermont Agency of Transportation (VTrans) to evaluate rail infrastructure improvements in Vermont’s Western Rail Corridor. This area encompasses the western part of the state from Albany in New York to Bennington, Rutland, Burlington, Essex, and to St. Albans in Vermont. The Western Corridor is an especially high priority for the state of Vermont because it holds the key to increase the State’s ability to move people and freight, creating better economic opportunities for cities and towns along the entire corridor.

We brought our financial and P3 advisory expertise to the table
IMG Rebel developed a financial plan and model to evaluate project costs, implementation options, and ideal funding sources for construction of a rail spur and track and bridge improvements throughout the corridor. The Team also evaluated the feasibility of design-build alternatives for various projects and prepared a strategy to leverage P3s and innovative financing alternatives. In addition, the Team was responsible for facilitating coordination amongst the various stakeholders.

Vermont announced $9 million for Western Rail Corridor Project
Our support of the VTrans culminated in the state reaching a milestone on September 5th, 2013. Federal and state public officials announced an $8.9 million grant from the U.S. Department of Transportation to rehabilitate railroad track along the Western Corridor, part of an $18.5 million project to reduce costs to shippers served by the line, increase freight traffic speed, and allow for future expansion of Amtrak’s Ethan Allen service from Rutland to Burlington. An additional $3.2 million match will be funded by the state, and $200,000 will be contributed in-kind from the rail operator.