PIR and MTS Board Meeting March 12, 2015

board-metting

PIR Performance Milestones

On December 15, 2014, MTS, PIR, Baja Rail, and the Governor of Baja’s representative met with the Consul General, Andrew Erickson, to discuss and mediate the creation of a bi-national rail line.  On March 12, 2o15 PIR made a presentation to the MTS board of directors demonstrating the performance milestones that have been met by PIR:

  • Corporate Formation of PIR – October 2011
  • Acquisition of 99 Year Desert Line Lease – December 2012
  • Submission to MTS of Business Plan – January 2013
  • Surface Transportation Board Approval – March 2013
  • Submission to MTS of Desert Line Reconstruction Plan – March 2013
  • Acquisition of Operating Rights – November 2011
  • Completion of Marketing Plan – March 2013
  • U.S. Department of Homeland Security – Customs and Border Protection
  • Meeting with U.S. Department of State – Presidential Permit – October 2013
  • Lease Payments to MTS totaling $ 2 Million JL Patterson & Associates Contract – $600,000 Paid – June 2013
  • JL Patterson & Associates – Bridge inspection Report – October 2013
  • Holland and Nordco – Track Condition Review – Oct.–Dec. 2013
  • Presidential Permit Exemption Obtained – December 9, 2013
  • SCEDC Board Voted to Support Reactivation of Desert Line – July 2014
  • US Consulate Mediation – December 2014


Download the full MTS Board Meeting Presentation – 2015