Alaska Railroad Right of Way Extension Act of 2011 - Directs the Secretary of the Interior, and other appropriate federal officials, to convey to the Alaska Railroad Corporation all rights, title, and interests of the United States to certain land located between North Pole, Alaska, and Delta Junction, Alaska, for the purpose of constructing a railroad corridor extension and related support areas and structures.
Requires Surface Transportation Board approval for the phased construction of such extension.
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