USA: A $100m agreement for CSX to upgrade and operate over the Louisville & Indiana Railroad’s 170 km corridor between Indianapolis, Indiana, and Louisville, Kentucky, was finalised on June 19.
CSX will purchase the easement for $10m, and the operating agreement provides for $90m in infrastructure improvements on the former Pennsylvania Railroad line.
‘CSX's investment of approximately $100m will provide enhanced rail access for the Port of Indiana-Jeffersonville, increase capacity and efficiency along this corridor and improve connectivity to CSX's broader network’, said CSX Corp President & CEO Oscar Munoz on June 19. ‘These critical infrastructure improvements include the installation of new rail, upgrades to the rail bed structure and bridge improvements to enhance safety and service for customers in the Midwest and provide more efficient rail service throughout the region.’
