Rail News – Bankruptcy trustee is seeking to auction rail assets in San Luis and Rio Grande. For railway professionals

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Railway News

Shortline and regional railways

06/15/2022

Rail News: Short Lines & Regionals




The Chapter 11 administrator of San Luis & Rio Grande Railroad Inc. (SLRG) has announced plans to sell the branch line assets at an auction.

The auction is subject to US Bankruptcy Court approval. Interested parties must submit an offer by 4 p.m. MT on July 10, according to a press release issued by trustee William Brandt Jr.

Now operating under the jurisdiction of the Surface Transportation Board, SLRG owns and operates a 155-mile line serving the San Luis Valley in southern Colorado. The short line crosses La Veta Pass on the Sangre de Cristo mountain range and connects the eastern plains of Colorado to the San Luis Valley.

With an interchange connection to a Union Pacific Railroad mainline in Walsenburg, Colorado, SLRG provides freight rail service for industrial, mining, and agricultural products in the San Luis Valley. The railway also maintains railcar storage facilities along its right-of-way. Prior to the bankruptcy filing, the SLRG also operated passenger excursion trains over the La Veta Pass.

The assets to be auctioned consist of real estate and personal property related to the railroad’s freight train operations. Assets include track, subgrade, sleepers, other track materials, inventory, track maintenance equipment, vehicles, bridges, culverts, signals, stations, depots , yards, storage facilities, buildings, workshops, garage structures and various agreements or licenses relating to real property located on, alongside, above and under SLRG railway tracks.

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