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About: Railbanking     Goto   Sponge   NotDistinct   Permalink

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Railbanking is the act of preserving railroad rights-of-way for possible future use. Railbanking leaves the rail corridor, railbed, bridges or bridge right-of-way, and other infrastructure intact. This relieves the railroad's operator from the responsibility of maintenance, and from taxation. Existing rails may or may not be maintained intact on the railbed, depending on their condition or any planned interim use of the railbed. Often the rail corridor is put in custody of a state transportation agency, which then seeks a new operator for possible rehabilitation or reactivation. This helps ensure the possibility of future restored rail service when new economic conditions may warrant resuming operation.