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11/11/2010
Rail News: Rail Industry Trends
Texas town to open industrial rail park
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On Nov. 17, city of Levelland, Texas, and local economic development agency officials plan to hold a ribbon-cutting ceremony to open an $8.6 million industrial rail park.
Railroad Specialties Inc. recently completed the rail portion of the 240-acre park by installing more than 21,000 track feet of 132-pound rail and concrete ties. The rail portion received $3.3 million in federal stimulus funding and $1.5 million in local economic development dollars.
The industrial rail park is located along a West Texas & Lubbock Railway line, which connects with a BNSF Railway Co. mainline in Lubbock, Texas.
City officials expect the park to create 1,000 jobs and generate $100 million in new capital investment during the next 10 years.
Railroad Specialties Inc. recently completed the rail portion of the 240-acre park by installing more than 21,000 track feet of 132-pound rail and concrete ties. The rail portion received $3.3 million in federal stimulus funding and $1.5 million in local economic development dollars.
The industrial rail park is located along a West Texas & Lubbock Railway line, which connects with a BNSF Railway Co. mainline in Lubbock, Texas.
City officials expect the park to create 1,000 jobs and generate $100 million in new capital investment during the next 10 years.