Specifications include, but are not limited to: A transaction structure where a private partner or entity would assume the long-term business risks through the operational, capital improvements, maintenance and carrier responsibilities of the NOPB core rail operating assets in exchange for upfront, annual and/or revenue share payments over a term of 40 years. The services will include the ability to use NOPB operated right-of-way, civil structures, track, switches, interchanges, communication and signaling, rolling stock, locomotives, offices, real estate and real property, operating buildings, storage yards, car shops, equipment, machinery, information technology systems, and tools. The City will retain ownership of the NOPB assets over the term of the contract except for assets as defined in the future concession agreement. Use of certain non-NOPB assets is currently conducted through agreements with third parties, including the Port of New Orleans. The City of New Orleans’ expectation is that any selected private partner or entity may be required to work directly with the Port of New Orleans, or in combination with the NOPB and the City to negotiate any use agreements necessary to continue operations for the benefit of the Port of New Orleans.
