The Toledo Blade has an article today on CSX terminal forecast to be a jobs magnet. Fred intereviewed Tom Blaha, the executive director of the Wood County Economic Development Commission this morning on WSPD and that podcast is live. It’s a very informative piece that I recommend. An additional article of interest is in the Courier. Some of the details:
Lisa Mancini, a senior vice president with CSX, said the new rail yards are an essential part of the company’s larger National Gateway project, unveiled last week in Dublin. That $700 million public-private infrastructure initiative would improve freight transportation between mid-Atlantic ports and the Midwest.
CSX officials said the project would provide greater capacity for product shipments in and out of the Midwest, reduce truck traffic, and create thousands of jobs that directly or indirectly support the National Gateway.
In Ohio, the National Gateway project consists of a $190 million investment in intermodal terminals in both North Baltimore and Columbus, as well as right of way improvements to accommodate double-stacked trains.
By 2020, the U.S. Department of Transportation forecasts, overall freight tonnage hauled in the U.S. will grow by 70 percent from 1998 levels. One train can carry the load of more than 280 trucks.
CSX is asking the State of Ohio to pay half of the $60 million needed to improve its rail corridor through the state to accommodate double-stacked trains, and to help “politically support” a multi-state request for $200 million in federal funds for the National Gateway project.
The national project would improve three existing rail corridors that run through Maryland, Virginia, North Carolina, Pennsylvania, Ohio and West Virginia.
Those corridors include the Interstate 70/Interstate 76 corridor between Washington, D.C., and Northwest Ohio via Pittsburgh; the Interstate 95 corridor between North Carolina and Baltimore via Washington, D.C.; and the Carolina corridor between Wilmington and Charlotte, N.C.
Company officials said these improvements would provide “a significant economic stimulus to regional economies in Northwestern and Central Ohio.”
The National Gateway will enhance three existing rail corridors that run through Maryland, Virginia, North Carolina, Pennsylvania, Ohio and West Virginia. Those corridors include:
— The I-70/I-76 Corridor between Washington, D.C. and northwest Ohio via
— The I-95 Corridor between North Carolina and Baltimore via Washington,
— The Carolina Corridor between Wilmington and Charlotte, North Carolina.