|Posted on January 2, 2015 at 8:50 AM|
Federal regulators this week said they'll review plans by Norfolk Southern Railway Co. to buy Delaware & Hudson Railway's 282-mile line between Schenectady and Sunbury, Pa. Norfolk Southern will pay $217 million for the line, which intersects its Southern Tier line in Binghamton.
The federal Surface Transportation Board said it would accept comments until Jan. 15 and that those who want to participate in the review must notify it by Dec. 29.
Responses to comments are due by March 31. The STB said it plans to make a decision by May 15.
Norfolk Southern already is the major user of the line connecting Schenectady, Cobleskill, Oneonta and Binghamton and will retain track rights to Saratoga Springs and Mechanicville over existing D&H lines.