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The state of Virginia is establishing a $23 million Rail Enhancement Fund to help freight and passenger railroads pay for infrastructure improvements.
To be available beginning July 1, the funds will be appropriated for infrastructure projects approved by a nine-member Commonwealth Transportation Board. The state will require a minimum matching contribution of at least 30 percent from other sources, such as the requesting railroad, a local government or regional rail authority.
Freight railroads own and maintain 3,400 track miles in Virgina; Amtrak and Virginia Railway Express operate trains on 616 miles of the track.
6/21/2005
Rail News: Rail Industry Trends
Virginia rail fund to help freight, passenger roads pay for trackwork
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The state of Virginia is establishing a $23 million Rail Enhancement Fund to help freight and passenger railroads pay for infrastructure improvements.
To be available beginning July 1, the funds will be appropriated for infrastructure projects approved by a nine-member Commonwealth Transportation Board. The state will require a minimum matching contribution of at least 30 percent from other sources, such as the requesting railroad, a local government or regional rail authority.
Freight railroads own and maintain 3,400 track miles in Virgina; Amtrak and Virginia Railway Express operate trains on 616 miles of the track.