Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home Rail Industry Trends

12/19/2006



Rail News: Rail Industry Trends

New York grants $60 million to help fund rail infrastructure improvements


advertisement


The state of New York recently announced it will provide a total of $60 million to help railroads fund infrastructure improvements. The grants will fund the final three years of the five-year, $100 million Rail Freight and Passenger Rail Assistance Program, which is administered by the New York State Department of Transportation.

The state will provide $5 million to the Adirondack Scenic Railway during fiscal-years 2007-08 and 2008-09 to upgrade 28 miles of track between Saranac Lake and Tupper Lake. Operator of a 118-mile corridor, the railroad currently uses 45 track miles to provide tourist-rail service.

For FY2007-08, the state also will provide $5 million to Amtrak to subsidize operating costs; $4.5 million to CSX Transportation to improve track and build sidings; $3 million to Canadian Pacific Railway and the Delaware & Hudson Railroad to establish an intermodal facility; and $1.5 million to CPR, Norfolk Southern Railway Co. and New York, Susquehanna & Western Railway to improve Binghamton Yard.

For FY2008-09, the state will grant $5.7 million to CSXT to improve track and build sidings; another $5 million to Amtrak; another $4 million to CPR and the Delaware & Hudson; $2 million to NS to replace a bridge over the Genesee River; and $1.3 million to New York & Atlantic Railway Co. to restore track.

Finally, as part of FY2009-10 grants, the state will provide another $5 million to Amtrak; $2 million to Middletown & New Jersey Railway Co. Inc. to replace rail; $1.68 million to New York & Atlantic to build an industrial rail terminal and restore a yard; $1.65 million to Central New York Railroad Corp. to rehabilitate track; $1.5 million to Owego & Harford Railway Inc. to improve track; $1.5 million to Mohawk Adirondack & Northern Railroad Corp. to rehab track; and $1.1 million to Arcade & Attica Railroad Corp. to rehab rail.