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Today, New York Regional Rail Corp. (NYRR) announced Transit Rail L.L.C. has invested another $250,000 in the transportation holding company, increasing its total investment to $1 million since agreeing to purchase about 2,500 shares of NYRR stock in February.

"The company has used these and other funds to reduce liabilities, including trade and other vendor payables, and has begun an infrastructure and capital investment project designed to increase reliability and operating capacity," said NYRR Chief Financial Officer Joel Marcus in a prepared statement.

NYRR also recently entered into a $150,000 equipment-use agreement under which the company will acquire two EMD SWD-1500 switch engines and repair one rail barge for New York Cross Harbor Railroad (NYCH), and receive $10,000 in cash.

"These engines, in addition to two other recently purchased locomotives and phase two of NYCH's 2004 capital improvement plan, are an integral part in enabling the NYCH to provide reliable, dependable service," said NYRR President Wayne Eastman.

NYRR owns and operates NYCH and trucking firm JS Transportation.