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Concerning current prices of new locomotives here is the
information that we have:
1.  Wabtec (former General Electric) -  not building medium to low
HP locomotives just high horse power 4000 to 4400 hp, cost
$3.5-$3.9 million.
2.  Progress Rail (former EDM/GM) -  No low or medium HP
conventional locomotives except for a Tier 4 with a Cat engine 
2000 to 3000 hp.  Cost: $1.9 to $2.8 million.
3.  Knoxville Locomotive - Offering 1500 to 3000 hp Tier 4
locomotives with either and MTU or Cummins engine, cost $2.2 to
$2.9 million.
4.  Brookville Locomotive - Offering a Tier 4 unit with Cummins
Engine 2000 to 3200 hp, price unknown.
5.  Western Rail rebuilders has been working with Cummins on a
prototype 2500 hp Tier 4 unit, pricing intended to be to be around
$1.8 million but that is just an estimate.
6. Railpower and other genset builders have gone out of business;
no more genset being built due to the complexity and maintenance
costs. Rail Serve was building a 1-engine 600 HP genset but they
have only sold a few at $800,000 (note: based on HP this unit could
not perform most short line tasks other than yard switching)
7.  Medium HP hydrogen/battery prototype demo units are 2 to 3
years out for availability with price tag of $7 to $11 million
each.
8.  Battery Locomotive low horse power for an 8 hour shift from
Progress Rail - one working in Brazil and one to demo at PHL at
WIlmington CA.  Cost: $3.5 million (Note: based on low HP and
battery life this unit could not perform many short line tasks).  
Overall, the current cost of purchasing a medium HP Tier 4
locomotve should be assumed to be at least $2 million.