CSX adds $160 million to National Gateway project Posted 05.18.2011
The Associated Press (Online)
Railroad operator CSX Corp. said on Wednesday that it will spend another $160 million on the National Gateway, a rail upgrade project that will allow it to run trains with double-stacked cars to run from the East Coast to the Midwest.
The new money brings CSX's spending plans for the project to $575 million over several years. State and federal aid is expected to bring total spending on the project to about $850 million, the company said.
Most of the new spending announced on Wednesday will expand and improve the century-old Virginia Avenue Tunnel in Washington.
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Bloomberg BusinessWeek (Online)
R&D Magazine (Online)
CSX pledges $160m more to expand Virginia Ave. tunnel Posted 05.18.2011
The Washington Examiner (DC)
By Kytja Weir
A century-old train tunnel in the District will be upgraded, after railroad company CSX pledged $160 million on Wednesday to help ease a major bottleneck that currently limits cargo passing through the Washington region.
The money means that the freight shipper can start a long-sought process to expand the Virginia Avenue Tunnel that runs from Second Street to 11th Street just below the Capitol in Southeast. The project ...
CSX Funding the Virginia Avenue Tunnel, NEPA Process to Begin Posted 05.18.2011
CSX announced today that it will be investing $160 million of its own monies in its National Gateway project, with most of that money going toward the funding of the expansion of the Virginia Avenue Tunnel, the 107-year-old structure that runs beneath Virginia Avenue from 2nd Street SE to 12th Street SE. With this decision, the company will start moving toward design and construction of the project, first by going through the NEPA ...