Norfolk Southern and the Commonwealth of Pennsylvania are investing US$11 million in the railroad's Philadelphia Navy Yard intermodal facility to expand track and parking capacity.
The expansion is part of Norfolk Southern's multi-state Crescent Corridor initiative to establish a high-speed intermodal freight rail route between the Gulf Coast and the Northeast.
The proposed investment ¨C $6 million from Norfolk Southernand $5 million from Pennsylvania ¨C will create the capacity to handle more than 72,000 containers and trailers annually. Construction is scheduled to begin in mid-2010.
Altogether, nearly $2.5 billion in Crescent Corridor projects have been identified, and based on the public benefits of relief from highway congestion, Norfolk Southern plans to implement the Crescent Corridor initiative through a series of public-private partnerships.
At completion, the Crescent Corridor is projected to divert more than one million truckloads of freight from the highways to the rails annually, saving the US more than 170 million gallons of fuel per year. |
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Source: cargonewsasia
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