Saturday, January 24, 2015

NM Crude Facility Delayed Despite Taxpayer Funds for BNSF

 Why should a profitable company look for taxpayer subsidies??

NGL Offers Reason for Construction Delay

By Rosanne Boyett    Cibola Beacon     01/23/15

MILAN – Village of Milan received notification early last week that NGL has delayed the construction of its $50 million project.

"NGL Energy Partners, LP confirmed today that the start of construction for its crude-by-rail loading facility in Milan, N.M., has been pushed back by between two to three months because of delays in receiving certain authorizations.  A revised start date for construction is under evaluation," said Project Manager Greg Staff in a Jan. 19 email. (The project manager’s office is located in Houston, Texas.)

“I told the Board of Trustees during last week’s closed session that the project has been put on hold because of the crude oil market,” said Bruce Boyton, Village legal counsel. “Hopefully it has been delayed for only a short time.”.....

...The company received a Local Economic Development Act grant from the State last year. Governor Susana Martinez made the $1.2 million award during the Oct. 16 ceremony at the Village Hall.
Eileen Chavez Yarborough, Cibola Communities Economic Foundation executive director, had been instrumental in assisting with the NGL application for the LEDA grant. The award was designed to provide funding for upgrades to the Burlington Northern Santa Fe Railroad crossing at Mill Road. “I have not received an official response from the State about how the project’s delay will affect the LEDA funding,” she said on Tuesday.

Boynton noted, “My understanding is that the LEDA funds must be used before the end of the current fiscal year, which is June 30.”.....    more here


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