1 / 6

Railside Industries Rail Industrial Access Project in Augusta County, VA

Railside Industries, Inc. is applying for $225,000 to enhance rail infrastructure in Augusta County, VA. This project includes upgrading 700 feet of rail with new 127lb rail, adding 1,100 feet for a new siding, and installing a crossover. This expansion, managed by the Shenandoah Valley Railroad, will increase annual railcar capacity by 250, support local soybean exports, and create two new jobs. With a total project investment of $1.5 million, the upgrade aims to improve operations and facilitate economic growth in the Shenandoah Valley.

phuong
Télécharger la présentation

Railside Industries Rail Industrial Access Project in Augusta County, VA

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Rail Industrial Access Program Application Briefing Railside Industries, Inc. Augusta County, VA Kevin B. Page Chief Operating Officer Railside Industries, Inc. – Rail Industrial Access Project

  2. Project Location Shenandoah Valley RR Mainline New Siding Upgraded Siding Letter of Support from CSX Transportation Augusta County, VA Railside Industries, Inc.

  3. Project Summary • Application for $225,000 • Upgrade 700 feet of rail with 127lb rail • Install additional 1,100 feet of 127lb rail for a new siding • Install a crossover between sidings • Served by Shenandoah Valley Railroad • Application details: • 250 additional railcars annually, 1,200 existing cars per year • $1.5 Million total estimated project investment • $450,000 estimated cost of rail construction • 2 new jobs associated with this expansion • Application scores 59 of 100 points. • Scores greater than 50 are referred to the CTB for consideration.

  4. Applicant Profile • Railside Industries, Inc. is the real estate development company that builds and leases facilities to Houff’s Feed and Fertilizer Co., Inc. • This rail expansion will create an export market opportunity for soybean production by famers in the Shenandoah Valley. • Improvements will upgrade rail to 127lbs and complete existing spurs to create side tracks. The additional capacity will also improve railroad operations and avoid blocking State Road 256. • This project creates business opportunity in the Shenandoah Valley and grows business on a shortline railroad operation.

  5. Requested Project Funding A grantee match is required for amounts above $300,000 Total capital investments in the facility expansion are estimated at $1.5 Million. Total rail infrastructure costs are estimated at $450,000.

  6. www.drpt.virginia.gov drptpr@drpt.virginia.gov 804-786-4440 Railside Industries, Inc. – Rail Industrial Access Project

More Related