by electricron
If I recall correctly, the ARRA grants were large enough to buy everything in the order. Your question is a good one worth double checking. Here’s the facts I can find a verifiable link to.....
Sumitromo bid for the 130 BiLevel order wasy $352.3 Million.
Four States involved were California, Illinois, Michigan, and Missouri.
88 cars for the Midwest, 42 cars for California
FRA grants for new locomotives and cars totaled $808 Million
BiLevel FRA grants totaled $551 Million
The remainder reserved for purchasing locomotives.
California’s share of locomotive and car ARRA grants totaled $168 Million, California also added $42 Million of its own money from Proposition 1B.
Source of all the facts
http://www.railwayage.com/index.php/pas ... order.html" onclick="window.open(this.href);return false;
So, basically all of the Midwest order was funded by ARRA, and 80% of the California order was funded by ARRA.
Math = 168 /(168 + 42) x 100 = 168 / 210 x 100 = 80%
Of the total for all four states, around 95% was funded by ARRA.
Math = 808 / (808 + 42) x 100 = 808 / 850 x 100 = 95+%
I can’t explain the difference between Sumitromo’s bid of $352+ Million and FRA Bilevel grants for $551 Million.
There seems to be a discrepancy around $199 Million. Can anyone else explain that difference?
Sumitromo bid for the 130 BiLevel order wasy $352.3 Million.
Four States involved were California, Illinois, Michigan, and Missouri.
88 cars for the Midwest, 42 cars for California
FRA grants for new locomotives and cars totaled $808 Million
BiLevel FRA grants totaled $551 Million
The remainder reserved for purchasing locomotives.
California’s share of locomotive and car ARRA grants totaled $168 Million, California also added $42 Million of its own money from Proposition 1B.
Source of all the facts
http://www.railwayage.com/index.php/pas ... order.html" onclick="window.open(this.href);return false;
So, basically all of the Midwest order was funded by ARRA, and 80% of the California order was funded by ARRA.
Math = 168 /(168 + 42) x 100 = 168 / 210 x 100 = 80%
Of the total for all four states, around 95% was funded by ARRA.
Math = 808 / (808 + 42) x 100 = 808 / 850 x 100 = 95+%
I can’t explain the difference between Sumitromo’s bid of $352+ Million and FRA Bilevel grants for $551 Million.
There seems to be a discrepancy around $199 Million. Can anyone else explain that difference?