for the impact the derailment has had on the community and the company has pledged to pay for the cleanup.
Shaw said in a letter late Tuesday to the Senate Committee on Commerce, Science and Transportation that while the company has, that amount doesn’t include expected costs for money tied to falling property values, long term health care or water treatment. It also doesn’t reflect payments the railroad will receive from its insurance.
Shaw said the company was “undertaking these efforts and expenses without any judicial or investigatory finding of fault.” This file photo taken with a drone shows portions of a Norfolk Southern freight train that derailed in East Palestine, Ohio. Shaw anticipates that homeowners eligible for compensation will initially include those with homes within an approximately five-mile radius of the derailment that happened near the Ohio-Pennsylvania border, and who sell their homes for less than what their property was appraised at before Feb. 3, when the derailment took place.
Later Wednesday, the Senate committee will debate broad, new rail safety legislation in response to the wreck in Ohio and other derailments that followed.If you purchase a product or register for an account through one of the links on our site, we may receive compensation.