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On Friday, CSX Transportation, the Port Authority of New York and New Jersey (PANYNJ) and state of New Jersey will mark the opening of the Liberty Corridor Freightway.

Funded through a public-private partnership between CSXT and the state, the freightway will help expedite cargo traffic moving between inland markets and the Port of New York and New Jersey by increasing train capacity and improving service levels, according to CSXT.

The $24 million project called for raising the vertical clearances of two tunnels on a Conrail route between the port and CSXT mainline to accommodate the height of industry standard container trains. The freightway “paves the way for growth by providing improved access to the port,” CSXT officials said in an opening ceremony announcement.

The public-private partners plan to hold the ceremony Friday at CSXT’s North Bergen intermodal terminal. Scheduled speakers include CSX Corp. Executive Vice President of Sales and Marketing Clarence Gooden; PANYNJ Director of Port Commerce Richard Larrabee; New Jersey Department of Transportation Commissioner James Simpson; and Sen. Robert Menendez (D-N.J.)