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The North Carolina Railroad Company is investing $750,000 in the construction of a new mini steel mill in Davidson County, North Carolina.
The mill will produce steel rebar for steel manufacturer Nucor Corp. NCRR is investing the money in the construction of a new rail spur and onsite loading, unloading and storage tracks to serve the new facility.
Winston-Salem Southbound, a short line jointly owned by Norfolk Southern Railway and CSX, serves that facility. An additional 2,000 rail cars will serve the mill annually once the project is completed, NCRR officials said in a press release.
The funds are part of the railroad’s economic development initiative "NCRR Invests." Nucor is investing $350 million in the new facility.
"Rail infrastructure is extremely important in attracting high quality manufacturers and distributors that bring high paying jobs to our communities," said NCRR President and CEO Carl Warren. "Occasionally those companies need room to expand their site footprint or operation. Through NCRR Invests, we are able contribute to (the) effort."
The North Carolina Department of Transportation is one of several other partners involved in the project.