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Rail News: Rail Industry Trends
1/19/2009
Rail News: Rail Industry Trends
Developer completes first phase of rail infrastructure at New Mexico industrial park
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Real estate developer Verde Corporate Realty Services recently built 4,283 feet of track and installed a switch in the Verde Santa Teresa Intermodal Park in Santa Teresa, N.M. The track and switch will serve the 118-acre first phase of a planned 1,221-acre industrial park.
When fully built out, the park will feature five rail spurs connected to a Union Pacific Railroad mainline. The park will offer intermodal, transloading, cross-border trailer staging and other services.
Between 2010 and 2014, UP plans to spend $150 million to construct a 934-acre fueling, switching and intermodal yard near the U.S.-Mexico border and within the park, according to Verde.
“The development of Verde's Intermodal Park is a critical step in servicing the increased demand by local and national manufacturers, suppliers and distributors to efficiently transport goods from coast-to-coast and service clients in Mexico,” said Verde Director of Business Development Jay Kleberg in a prepared statement.
When fully built out, the park will feature five rail spurs connected to a Union Pacific Railroad mainline. The park will offer intermodal, transloading, cross-border trailer staging and other services.
Between 2010 and 2014, UP plans to spend $150 million to construct a 934-acre fueling, switching and intermodal yard near the U.S.-Mexico border and within the park, according to Verde.
“The development of Verde's Intermodal Park is a critical step in servicing the increased demand by local and national manufacturers, suppliers and distributors to efficiently transport goods from coast-to-coast and service clients in Mexico,” said Verde Director of Business Development Jay Kleberg in a prepared statement.
