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Wednesday, February 17, 2010

R. J. Corman Railroad Group receives TIGER grant

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Slide 1

The Commonwealth of Kentucky and the U. S. Department of Transportation said that R. J. Corman Railroad Group's Appalachian Regional Shortline Project has been awarded a Transportation Investment Generating Economic Recovery (TIGER) grant of $17,551,028.  This transportation infrastructure grant will be matched by a 20 percent company investment of $4,187,758 and by $200,000 from the Commonwealth of Kentucky bringing the total project investment to $21,938,786. These funds will enable the rehabilitation of hundreds of miles on five unconnected shortline railroads in Kentucky, Tennessee and West Virginia. 

Specific investments will include rail, ballast, crossties, grade crossing improvements and bridge work.

"Our company will soon conduct a job fair to begin hiring nearly 100 unemployed workers for this project, which we intend to start work on by April," Noel rush, VP strategic Planning & Development said. 

These significant improvements will provide broad, long-term benefits:

 • Increasing the economic competitiveness of the 125 shippers on those five shortlines,

 • Enabling the diversion of certain truck freight to rail freight, thereby reducing highway maintenance costs, highway congestion and improving safety, and

 • Contributing to increased fuel efficiency and more environmentally-friendly freight transportation.

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