Ohio Rail Development Commission Awarded U.S. Department of Transportation CRISI Grant to Expand Infrastructure on Indiana & ...
June 17 2019 - 9:00AM
Business Wire
The U.S. Department of Transportation’s Federal Railroad
Administration has awarded a Consolidated Rail Infrastructure and
Safety Improvements (CRISI) Grant to the Ohio Rail Development
Commission (ORDC) in the amount of $3,284,000. This grant, in
combination with matching funds of $3,584,000 from the Indiana
& Ohio Railway Company (IORY) and a $300,000 grant from ORDC
will be used to rehabilitate the Port Delta Yard and construct
mainline siding capacity in Delta, Ohio. The project involves the
installation of approximately 14,000 rail ties, 25,000 feet of new
rail, 43,000 tons of ballast and 11 turnouts on IORY, a short line
freight railroad subsidiary of Genesee & Wyoming Inc.
(G&W)(NYSE:GWR).
Centered around Delta, Ohio are several steel manufacturing and
processing businesses that provide products for U.S. industries
including automotive, construction, agriculture and general
manufacturing applications. Companies located in the area include
North Star BlueScope Steel, Metal X and Fulton County Processing.
These facilities depend on IORY freight rail service to receive raw
materials, such as scrap steel and pig iron, and to ship finished
products to their customers.
“Ohio is the second largest steel-producing state in the nation,
and the industry is significant to the economy of Northwest Ohio.
The Ohio Rail Development Commission is grateful that the Federal
Railroad Administration recognized the value of this work to the
regional economy. The project will rehabilitate and repurpose rail
infrastructure to serve the current and emerging industries in
Northwest Ohio,” said Matthew Dietrich, Executive Director of the
ORDC.
“This $7.2-million joint investment by the FRA, IORY and ORDC
will greatly improve the available Port Delta Yard capacity for the
safe and efficient handling of its growing customer business in
Delta,” said IORY President Martin Pohlod. “New rail, ties and
ballast will restore the entire yard to service and go a long way
to accommodating anticipated growth in Delta and Fulton County
rail-based industry and processors. Furthermore, the additional
mainline siding will enhance fluidity of our line of road, terminal
and customer switching operations, and the improved Port Delta
terminal also will allow more efficient and timely service for
traffic moving via the northern portion of the IORY to the Canadian
National interchange in Flat Rock, Mich. The IORY looks forward to
making these improvements, which will make it more effective in
earning the transportation business of its present and future
customers, and we thank the ORDC, FRA and our customers for their
support in seeking and now implementing this proactive,
forward-looking investment in railroad service.”
U.S. Transportation Secretary Elaine L. Chao said, “These
investments in intercity passenger and freight rail will benefit
surrounding communities, make grade crossings safer and improve
service reliability.”
About ORDC
The ORDC is an independent state commission within the Ohio
Department of Transportation. Our mission is to plan, promote and
implement the improved movement of goods and people faster and
safer on a rail transportation network connecting Ohio to the
nation and the world.
About G&W
G&W owns or leases 120 freight railroads organized in eight
locally managed operating regions with 8,000 employees serving
3,000 customers.
- G&W’s six North American regions
serve 41 U.S. states and four Canadian provinces and include 114
short line and regional freight railroads (11 in the state of Ohio)
with more than 13,000 track-miles.
- G&W’s Australia Region serves New
South Wales, the Northern Territory and South Australia and
operates the 1,400-mile Tarcoola-to-Darwin rail line. The Australia
Region is 51.1% owned by G&W and 48.9% owned by a consortium of
funds and clients managed by Macquarie Infrastructure and Real
Assets.
- G&W’s UK/Europe Region includes the
U.K.’s largest rail maritime intermodal operator and second-largest
freight rail provider, as well as regional rail services in
Continental Europe.
G&W subsidiaries and joint ventures also provide rail
service at more than 40 major ports, rail-ferry service between the
U.S. Southeast and Mexico, transload services, contract coal
loading, and industrial railcar switching and repair.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Genesee & Wyoming's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's
Annual Report or Form 10-K for the most recently ended fiscal
year.
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version on businesswire.com: https://www.businesswire.com/news/home/20190617005213/en/
For additional information regarding ORDC, please visit
www.rail.ohio.gov or contact Wende Jourdan at (614) 728-9497.
For additional information regarding G&W or IORY, please
visit www.gwrr.com/iory or contact Michael Williams at (203)
202-8916.
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