The Lake Providence Port Commission (LPPC), a non-carrier entity in Louisiana, applied to acquire a 20-mile rail line from Delta Southern Railroad. On December 11, 2020, the Board conditionally accepted the application despite missing financial details, requiring these by December 28, 2020. LPPC submitted the necessary information, including a lease agreement with North Louisiana & Arkansas Railroad, enabling the Board to proceed with a scheduling plan for reviewing the application and any competing interests. This decision was finalized to be effective immediately, with public notice to follow in the Federal Register.
Simple Explanation
The Lake Providence Port Commission wants to buy a train track from another company, and the government checked to make sure everything is okay. They needed to show how much money is involved and other details to move forward.