Creative ways to finance rail in NH pushed
While meeting with state and local officials to discuss passenger rail, Kuster highlighted a proposed bill by Congressman John Delaney of Maryland titled the Partnership to Build America Act.
With estimates hovering around $200 million to implement rail transit from Nashua to Concord, Kuster said Delaney’s proposal, which she is sponsoring, could leverage private investments to finance public works projects such as rail.
When discussing economic opportunities with businesses in southern New Hampshire, the topic always comes back to transportation, specifically rail, said Chris Williams, president of the Greater Nashua Chamber of Commerce.
“I think we are laying the groundwork for some of that important stuff,” said Lozeau, mentioning an initiative to create a new, exit 36 south at the border with Tyngsborough, Mass., which could serve as a multimodal transportation hub.
“People in New Hampshire have to see it work in a piece of the state,” said Lozeau, adding once other communities notice the benefits of rail in Nashua, they may be more inclined to support the infrastructure. “If we could be a model for what could happen, that could be pretty remarkable.”Peter Griffin, president of the New Hampshire Railroad Revitalization Association, said there are many opportunities in the state to upgrade existing rail lines. The state is in a remarkable position to make itself more competitive with rail, passenger freight, airport and bus service, he said. Others, including state Sen. Peggy Gilmour, said there is still some resistance from state leadership with a “definite anti-rail bias.”
“You have got to be a little more inventive,” said Tom Mahon, chairman of the New Hampshire Rail Transit Authority, who said the political will must be in place for rail to succeed.
“I hate to rain on the parade,” said Mahon, explaining an infrastructure bank works best when a government entity owns the property. In this case, Pan Am owns the railbed, he said.
“I am not suggesting it is simple,” said Kuster.
She said New Hampshire is often successful at private-public partnerships and she believes the financing issue could be overcome to make rail feasible in the state.