November 21, 2014

Train maker files $65.9M claim against Wis.

MADISON, Wis. – The U.S. arm of a Spanish train-maker filed a $65.9 million claim against the state of Wisconsin Nov. 7, setting up a likely lawsuit and reviving debate over Gov. Scott Walker’s rejection of $810 million in federal stimulus money for a high-speed rail line.

In its filing with the state Claims Board, Seattle-based Talgo Inc. also maintained Wisconsin owes bond holders an additional $70 million because it borrowed that much for two train sets but never took possession of them.

Read the complete story at the Journal Sentinel.