Governor: NM scrapping deal to buy BNSF track

March 16, 2013 • State News

SANTA FE, N.M. (AP) — New Mexico’s railroad to nowhere is no more.

Gov. Susana Martinez’s administration has reached an agreement for the BNSF Railway Co. to pull the plug on a never-completed purchase of about 180 miles of track and the company will refund $5 million fronted by the state for the line by her predecessor.

The governor made the announcement early Saturday after the Legislature approved a proposal offering a tax break to BNSF on locomotive fuel if the company makes investments to upgrade its rail infrastructure. The measure will extend similar tax treatment that previously was granted to the Union Pacific Corp.

The administration doesn’t want the track Login to read more

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