woonsocket_railstation

Executive Summary

The Boston Surface Railroad Company (“BSRC”) was founded in 2012 to provide metropolitan New England with a privately owned and operated rail service along underserved, high-traffic commuter routes that lack a convenient and affordable alternative to travel by car or bus.

BSRC has secured operational authority from the United States Surface Transportation Board (STB) to operate passenger service between Worcester, MA and Providence, RI and pending negotiations with the host railroad plans to commence service in 2019. BSRC has secured station rights in Worcester, entered into a long term lease with options for the historic train station in Woonsocket, RI and maintains an amicable working relationship with AMTRAK regarding Providence. Rolling stock will be reconditioned equipment that will carry an estimated 150,000 annual passengers in its first year of operation (three percent of the total commuter population) growing to eight percent—or nearly four hundred fifty thousand annual riders—within five years.

The Worcester-Providence route achieves operational breakeven at 170,000 annual passengers and expects to retire $4.5 million in convertible debt financing within three years. The company plans to expand its service to include other tightly coupled city pairs in New England (under separate financing) after successfully establishing its initial route and regional brand.

Mission

Founded in 2012, The Boston Surface Railroad Company Inc’s mission is to provide high-end passenger rail service between underserved cities with moderate to dense cross commuter traffic.

By providing an enhanced rider experience, BSRC will be a reliable, comfortable alternative to driving for commuters with a preference for a more productive or restful commute.