CSX National Gateway commitment rises to $575 million Posted 05.19.2011
Railway Age (Online)
CSX Corp. announced Wednesday that it will invest $160 million over the next several years to complete the National Gateway project, bringing its total commitment to $575 million. Total project costs are estimated at $850million, of which state and federal funding will provide than $280 million.
“Through the National Gateway, CSX and its public partners are working together to vastly improve the quality and flexibility of the eastern rail network,” said Michael J. Ward, CSX chairman, president, and CEO.
CSX said the new allocation will expand and improve the century-old Virginia Avenue Tunnel in Washington, D.C. and provide double-stack train clearances in Maryland, West Virginia, and the District of Columbia.
The project is designed to move more of CSX’s customers’ freight on double-stack trains between the Midwest and the Ports of Baltimore ,Virginia, and Wilmington. “This will be especially important as the Panama Canal expansion brings more traffic through these ports,” said the railroad.
CSX invests another $160 million into National Gateway project Logistics Management Posted 05.19.2011
By Jeff Berman
Class I railroad carrier CSX announced this week that it will make a $160 million investment over the next several years to help complete an ambitious railroad infrastructure project, the National Gateway.
The National Gateway is a roughly $850 million public-private partnership (PPP) infrastructure initiative designed to provide a highly efficient freight transportation link between the Mid-Atlantic ports and the Midwest. It was first unveiled by CSX in May 2008.
“Through the ...
CSX Commits Funding to National Gateway, Virginia Avenue Tunnel Expansion Project Posted 05.19.2011
The Hill is Home (Online)
By Kyra Deblaker-Gebhard
CSX announced on Wednesday that the company now has the funds and the federal partner needed to begin the Virginia Avenue tunnel expansion project. CSX will contribute $160 million over the next several years to complete the National Gateway project, with the majority of the investment being used to expand the 107-year-old Virginia Avenue tunnel in Southeast. The company also announced its federal partner in the project ...
CSX to spend $160M on N.E. infrastructure Posted 05.19.2011
The Jacksonville Business Journal (FL)
By Mark Szakonyi
CSX Corp. announced Wednesday that it plans to spend $160 million over the next several years to complete a project that will better connect the mid-Atlantic ports and the Midwest.
The Jacksonville-based railway said in a news release that the majority of the money will be spent to expand and improve the century-old Virginia Avenue Tunnel in Washington, D.C., and create double-stack train clearances in Maryland ...