I am eager to work with the governor, IRRRB
Board, area legislators, and private sector partners to continue this progress.
Andrew Skinner, Segetis VP of Operations, has been working with the IRRRB
team for several months in the process of developing this proposal.
Brief Description: Provide professional installation, maintenance, suport and/or repair service of telephone/data cabling and termination and outdoor long-range wireless technology deployment and support to meet the telecommunication and data cabling and wireless access needs of IRRRB
in Eveleth, Giants Ridge in Biwabik, and Mineland Reclamation in Chisholm.
According to IRRRB
Commissioner Tony Sertich, "70% of the new jobs in Minnesota by the year 2018 are going to require more than a high school degree.
This is a great day for the Iron Range, Northwest Airlines and the entire state," said John Swift, commissioner of the IRRRB
At a recent meeting, the Iron Range Resource and Rehabilitation Board (IRRRB
) approved a loan to facilitate a financing package for ASV involving the IRRRB
and several other participating agencies.
A letter of credit from IRRRB
and Minnesota Power and Light (MPL) totalling $15 million for use as additional security on NWA bonds to generate the final $50 million of financing.
MAC would also issue up to $79 million in Northwest Airlines revenue bonds, to be backed by a pledge of revenue by Northwest and a limited pledge from the IRRRB
The Blandin Foundation joins IRRRB
and the Bush Foundation as funders and investors.