The document summarizes a proposal for the Indianapolis Metropolitan Railway Company to establish freight and passenger rail service along a 40-mile corridor in northeast Indianapolis. It identifies problems with congestion from increasing traffic and outlines plans to rehabilitate the rail line, obtain operating authority, and begin service to alleviate roadway congestion and costs while promoting development along the corridor. Revenue projections estimate $2 million by 2020 to transport freight and passengers on the line as an alternative to highways.