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9/2/2009
Rail News: Rail Industry Trends
CG/LA Infrastructure chooses Virginia as year's top 'infrastructure state'
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CG/LA Infrastructure L.L.C. recently named Virginia the Infrastructure State of the Year.
The infrastructure project identification and development firm chose Virginia because the commonwealth has developed “creative new ways” to finance nearly every type of transportation infrastructure — from freight rail to urban mass transit to ports to highways — in the face of today’s financial challenges, CG/LA Infrastructure officials said in a prepared statement.
The organization plans to highlight five infrastructure projects in Virginia totaling $13.8 billion at the North America Strategic Infrastructure Leadership Forum to be held Sept. 22-24 in Washington, D.C.
The projects include:
• the $5.3 billion Dulles Metrorail Corridor Project designed to extend D.C.’s Metrorail system to Dulles Airport and beyond;
• Norfolk Southern Corp.’s Crescent Corridor, which landed Virginia as one of the first states to invest in the $2.5 billion project;
• CSX Transportation and high-speed rail improvements totaling $1.6 billion in the Northeast Corridor to Richmond/Petersburg area, and Tidewater area;
• Port of Virginia expansion projects totaling $3 billion that involve port and rail improvements; and
• the Interstate 495 “Hot Lanes” project in northern Virginia.
The infrastructure project identification and development firm chose Virginia because the commonwealth has developed “creative new ways” to finance nearly every type of transportation infrastructure — from freight rail to urban mass transit to ports to highways — in the face of today’s financial challenges, CG/LA Infrastructure officials said in a prepared statement.
The organization plans to highlight five infrastructure projects in Virginia totaling $13.8 billion at the North America Strategic Infrastructure Leadership Forum to be held Sept. 22-24 in Washington, D.C.
The projects include:
• the $5.3 billion Dulles Metrorail Corridor Project designed to extend D.C.’s Metrorail system to Dulles Airport and beyond;
• Norfolk Southern Corp.’s Crescent Corridor, which landed Virginia as one of the first states to invest in the $2.5 billion project;
• CSX Transportation and high-speed rail improvements totaling $1.6 billion in the Northeast Corridor to Richmond/Petersburg area, and Tidewater area;
• Port of Virginia expansion projects totaling $3 billion that involve port and rail improvements; and
• the Interstate 495 “Hot Lanes” project in northern Virginia.
