SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report: June 9, 2000
PROVIDENCE AND WORCESTER RAILROAD COMPANY
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(Exact name of registrant as specified in its charter
Rhode Island 0-16704 05-0344399
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(State of incorporation (Commission (IRS Employer Iden-
or organization) File Number) tification No.)
75 Hammond Street, Worcester, Massachusetts 01610
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(address of principal executive offices) (Zip Code)
Registrant's telephone number: 508-755-4000
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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By press release dated June 8, 2000 the Registrant announced to the general
public the commencement of construction of a 12 mile right-of-way bringing
freight service into Hartford, Connecticut.
A description of the foregoing is contained in the press release referred to
above, a copy of which is attached hereto as Exhibit 20 and is incorporated
herein by reference.
Item 7. Financial Statements and Exhibits
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The following exhibit is filed with this report:
Exhibit 20 - Press Release dated June 8, 2000
Signature
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereto duly authorized.
Providence and Worcester
Railroad Company
By: /s/ Robert J. Easton
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Robert J. Easton, Treasurer
(Principal financial officer and
Principal accounting officer)
Date: June 9, 2000
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Exhibit 20
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Contact: Deborah E. Sedares
75 Hammond Street
Worcester, MA 01610
Phone (508) 755-4000, ext. 365
Fax (508) 795-0748
Press Release
June 8, 2000
Providence and Worcester Railroad Company
Announces Commencement of Construction of a 12 Mile Right-of-way
Bringing Rail Freight Service into Hartford, Connecticut
Worcester, MA., June 8, 2000, Providence and Worcester Railroad Company
(AMEX: PWX) today announced the commencement of building activities along a
right-of-way connecting its existing rail freight operations to Hartford,
Connecticut. The $1.8 million project involves construction of approximately 12
miles of track.
The right-of-way extends existing rail freight service in Middletown,
Connecticut through the towns of Portland, Cromwell, Rocky Hill and Wethersfield
to a terminus in Hartford where the line will allow for connections with other
freight railroads. The extension of the rail right-of-way will afford P&W the
opportunity to service the Greater Hartford market, particularly in the movement
of forest products (such as lumber and paper), metals and food stuffs (such as
grain and corn syrup).
Construction of the line is expected to be completed by July 1, 2001. Rail
freight service on this line will commence thereafter. The project is being
undertaken pursuant to an agreement with the State of Connecticut Department of
Transportation and the Company.
The Company is a regional freight railroad operating in the states of
Massachusetts, Rhode Island, Connecticut and New York. The Company transports a
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wide variety of commodities, including construction aggregate, iron and steel
products, chemicals, lumber, scrap metals, plastic resins, cement, processed
foods and edible food stuffs, such as frozen foods, corn syrup and animal and
vegetable oils. By agreement with a private operator, the Company also operates
two approved customs intermodal yards in Worcester, MA, primarily for the
movement of container traffic from the Far East destined for points in New
England.
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This release contains "forward-looking statements" within the meaning of section
21E of the Securities and Exchange Act of 1934, as amended. These
forward-looking statements represent the Company's present expectations or
beliefs concerning future events. The Company cautions that such statements are
necessarily based on certain assumptions which are subject to risks and
uncertainties, including, but not limited to, changes in general economic
condition, and changing competition which could cause actual results to differ
materially from those indicated herein. Further information on these risk
factors is included in the Company's filings with the Securities and Exchange
Commission.
Contact Person: P&W: Deborah E. Sedares
(508) 755-4000 (x365)
