Norfolk Southern Railroad is starting to build its Memphis Regional Intermodal Facility, planned as a western anchor of its latest cross-country double-stack route, as railroad and state officials held a groundbreaking ceremony in Rossville, Tenn.
NS pegs the cost of the facility at $105 million, although some reports put it higher. That hub and another planned at Birmingham, Ala., split a $105 million federal grant from the 2009 economic stimulus package, the largest award made under the DOT's "TIGER" grant program.
Those two sites will be key hubs in the railroad's Crescent Corridor, which will extend from the Mississippi River Delta up into the consumer-rich Northeast.
NS is applying $52.5 million of the federal funds to the Memphis project, which means half its expected cost is covered by the stimulus grant. NS has reportedly committed $31 million of its own funds to the project and is working with state partners along the corridor route to pin down the rest.
The railroad stresses public benefits of taking container and trailer traffic off congested roadways to put on intermodal stack trains, cutting fuel use and emissions per load. The project also will create new jobs at the rail-truck transfer facility, located east of Memphis and just above the Tennessee-Mississippi state line.
The project also will create new jobs at the rail-truck transfer facility, located east of Memphis and just above the Tennessee-Mississippi state line. Participating in the launch ceremony for the construction project were Charles Moorman, chairman, president and CEO of Norfolk Southern and Tennessee Gov. Bill Haslam. Moorman also thanked Haley Barbour, governor of Mississippi, for that state's support.