Performance bonds for rail
Sun., Aug. 21, 2016
Sounds like the Spokane City Council should take a page from the construction industry. When someone wants to guarantee performance, the client, Spokane, requires a payment and performance bond. The amount of the bond is an amount that would be needed for cleanup and would be non-revocable. The railroad could put up cash or a bond. Who cares.
Pay to play. If the railroads are so convinced that they are so safe, then all they should have to do is convince a bond company to share their confidence and issue a payment and performance bond.