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1/28/2013 9:30:00 AM
CSX to build intermodal terminal in Quebec
CSX Corp. on Friday announced plans to construct an 89-acre intermodal terminal in Salaberry-de-Valleyfield, Quebec.
CSX subsidiary CSXT Intermodal will build the $100 million terminal in the Perron Industrial Park. Construction is expected to start in spring, pending regulatory approval from the Canadian Transportation Agency, and the terminal is slated to open in 2015.
Trains serving the terminal will connect through CSX's intermodal hub in North Baltimore, Ohio. The new terminal, which is expected to handle up to 100,000 containers annually, will expand the Class I's intermodal presence in the greater Montreal and Quebec region, CSX officials said in a prepared statement.
"We believe this new terminal … will provide an anchor for the development of new business, helping boost the economy and create jobs while helping the environment and reducing congestion on the highways," said CSX Chairman, President and Chief Executive Officer Michael Ward.
As part of the project, the province of Quebec and city of Salaberry-de-Valleyfield plans to improve roads near the terminal. Subsidiary CSX Transportation will relocate a portion of its mainline in residential areas of the city to a point south of Autoroute 530 alongside the new terminal, CSX officials said.
CSX has served Quebec for the past 125 years, dating back to the St. Lawrence and Adirondack Railway Co.