NEWS
OHIO RAIL DEVELOPMENT
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50 W. Broad Street, Columbus, Ohio 43215
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FOR IMMEDIATE RELEASE
Contact: James E. SeneySeptember 11, 2003 (614) 644-0306
COLUMBUS – The Ohio Rail Development Commission (ORDC) today approved $400,000 in grants and a loan of up to $2.1 million for two rail projects.
Approved were:
James E. Seney, Executive Director of the ORDC, said the loan to the Columbiana County Port Authority is needed to improve the track to handle heavier loads and to make the railroad competitive economically. He said the railroad’s business has grown faster than they could make repairs, and that a line that handled 300 or 400 carloads annually when it was abandoned in 1996 soon will be handling 7,000 carloads a year.
He said the railroad serves nine industrial customers, most of them construction and demolition landfills, and currently handles approximately 2,750 rail carloads a year.
"Although the new construction and demolition traffic will make the line viable, ORDC’s real interest is in what the line will mean for present and future economic development,’ Seney said. "We see rail as a tool to help businesses along the line to keep transportation costs down so they can better compete."
Replacing the Upper Valley Pike bridge is necessary to avoid an hour delay for trains using the Cincinnati to Detroit rail corridor, which as 37 rail crossings, and to eliminate a potential safety hazard, Seney said.
WESTCO will contribute $200,000 toward the project and the Indiana & Ohio Railroad, which operates on the line, will invest $500,000. The Springfield-Clark County Transportation Coordinating Committee, the area’s planning agency, will contribute $1 million.
"These projects are excellent investments for us," said James E. Betts, Chairman of the ORDC.