Wednesday, April 10, 2013

New rail transfer facility dedicated in Missouri

New rail transfer facility dedicated in Missouri city of Washington, Missouri

A new rail transfer facility in Washington, Mo., was dedicated on April 8. The facility is expected to create an estimated 330 jobs and allows two local companies, CG Power Systems and Canam Steel, to expand their operations by utilizing Union Pacific's services via a new rail spur.

"Up-to-date infrastructure is a critical factor in economic development and rail infrastructure is a vital part of moving products made in Missouri," Missouri Gov. Jay Nixon said. "I'm pleased my administration was able to help the city of Washington make this facility a reality. We've already seen these two companies create more than 300 new, local jobs as a result of this project, with more to come. It's a great day for this region's economy and for our state."

The state of Missouri awarded $2,052,810 in Community Development Block Grant funds to the city of Washington for the project, which also is using $973,551 in federal funds and $1.1 million from the city.

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