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Rail News: Rail Industry Trends
12/9/2008
Rail News: Rail Industry Trends
Four rail projects could move ahead if Congress OKs economic stimulus, Missouri DOT says
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The Missouri Department of Transportation (MoDOT) has identified 34 transportation projects totaling about $510 million that could be awarded within 180 days if Congress passes an economic stimulus package.
The rail, transit, road, bridge, air, waterway and pedestrian projects would create about 14,000 jobs and provide a $2.4 billion impact on the state's economy, MoDOT said.
"We stand ready to quickly deliver 34 transportation improvements that would mean jobs, increased safety and a better quality of life for Missourians," said MoDOT Director Pete Rahn in a prepared statement. "We urge Congress to act positively on an economic stimulus package that includes a minimum of $25 billion for transportation infrastructure projects."
The rail-related projects include a new railroad bridge over Route 63 in Columbia ($9 million); a new 0.9-mile parallel track near Knob Noster ($7 million); a rail line extension and new warehouse at the New Madrid Port ($2 million); and a new rail line to be built above a flood region at the Southeast Missouri Regional Port ($1 million).
The rail, transit, road, bridge, air, waterway and pedestrian projects would create about 14,000 jobs and provide a $2.4 billion impact on the state's economy, MoDOT said.
"We stand ready to quickly deliver 34 transportation improvements that would mean jobs, increased safety and a better quality of life for Missourians," said MoDOT Director Pete Rahn in a prepared statement. "We urge Congress to act positively on an economic stimulus package that includes a minimum of $25 billion for transportation infrastructure projects."
The rail-related projects include a new railroad bridge over Route 63 in Columbia ($9 million); a new 0.9-mile parallel track near Knob Noster ($7 million); a rail line extension and new warehouse at the New Madrid Port ($2 million); and a new rail line to be built above a flood region at the Southeast Missouri Regional Port ($1 million).
