[Federal Register Volume 65, Number 5 (Friday, January 7, 2000)]
[Notices]
[Page 1226]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-194]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 33786]
New Jersey Transit Corporation--Acquisition Exemption--Certain
Assets of Consolidated Rail Corporation
The New Jersey Transit Corporation (NJ Transit), a noncarrier, has
filed a verified notice of exemption under 49 CFR Part 1150, Subpart
D--Exempt Transactions, to acquire from Consolidated Rail Corporation
(Conrail) certain physical assets of a 31.83-mile rail line, known as
the Bordentown Secondary Track, between Camden (Milepost 1.07) and
Trenton, NJ (Milepost 32.9).1 NJ Transit, which is an
instrumentality of the State of New Jersey, proposes to construct and
operate a light rail transit system on the line. NJ Transit states that
Conrail will retain an easement and continue to operate freight service
over the line on behalf of Norfolk Southern Railroad Company (NS), and
CSX Transportation, Inc. (CSXT) under the terms of the South Jersey
Shared Assets Area Operating Agreement (Agreement) among Conrail, NS
and CSXT.2 Consummation of the transaction was expected to
occur on or after December 15, 1999, the effective date of the
exemption.
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\1\ NJ Transit simultaneously filed a motion to dismiss the
notice of exemption. The Board will address the jurisdictional issue
raised by the motion in a subsequent decision.
\2\ The Board approved the Agreement in CSX Corporation and CSX
Transportation, Inc., Norfolk Southern Corporation and Norfolk
Southern Railway Company--Control and Operating Leases/Agreements--
Conrail Inc. and Consolidated Rail Corporation, STB Finance Docket
No. 33388 (STB served July 23, 1998).
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This notice is filed under 49 CFR 1150.31. If the notice contains
false or misleading information, the exemption is void ab initio. A
petition to revoke the exemption under 49 U.S.C. 10502(d) may be filed
at any time. The filing of a petition to revoke will not automatically
stay the transaction. An original and 10 copies of all pleadings,
referring to STB Finance Docket No. 33786, must be filed with the
Surface Transportation Board, Office of the Secretary, Case Control
Unit, 1925 K Street, NW, Washington, DC 20423-0001. In addition, a copy
of each pleading must be served on Kevin M. Sheys, Oppenheimer Wolff
Donnelly & Bayh, LPP, 1350 Eye Street, NW, Suite 200, Washington, DC
20005.
Board decisions and notices are available on our website at
``WWW.STB.DOT.GOV.''
Decided: December 30, 1999.
By the Board, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 00-194 Filed 1-6-00; 8:45 am]
BILLING CODE 4915-00-P
