New England: Boston Surface Railroad proposing Worcester-Providence commuter rail service offers bonds for sale

By Staff, The Telegram; April 25, 2019

A Rhode Island company seeking to start passenger rail service between Worcester and Providence is offering bonds for sale privately in small amounts.

Boston Surface Railroad Co. of Woonsocket is offering five- and 10-year bonds at rates of 8 percent and 9 percent in a private sale to raise $300,000 for equipment, according to Vincent J. Bono, company founder and president.

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