Rail

N.C. CATS, freights reach rail agreement

Posted on May 17, 2012

The North Carolina Railroad Co. (NCRR), the Charlotte Area Transit System (CATS) and Norfolk Southern Corp. signed lease, construction and operating agreements for the LYNX Blue Line Extension (BLE) light rail project along the North Carolina Railroad corridor.

The 50-year lease agreement is renewable for an additional 50 years. The lease agreement outlines the operating and construction parameters along the 2.7-mile segment, such as fair rental value of the property, construction plan review, lease negotiation and other expenses, and an adjustment for anticipated future appreciation of the leased property.

The LYNX Blue Line Extension (BLE) is a 9.4 mile extension of the existing light rail line that will serve the Northeast Corridor from Center City to UNC Charlotte. Light rail service will operate in nearly three miles of NCRR’s corridor when it opens in 2017.

As part of the agreement, CATS will make improved safety enhancements at 36th Street for freight and future passenger rail service by building a bridge over the railroad tier for pedestrians and vehicles.

Additional operational and construction agreements with Norfolk Southern allow CATS to construct, operate and maintain the BLE through North Charlotte.

In addition CATS also has an option with Norfolk Southern for acquisition of the current intermodal rail yard along Brevard Street north of Uptown Charlotte when Norfolk Southern moves its intermodal operations to a new facility now under construction at Charlotte Douglas International Airport. This land agreement allows CATS to accommodate two BLE transit stations, 25th Street Station and Parkwood Station, and part of the planned rail alignment.

NCRR owns and manages the 317-mile rail corridor extending across 16 counties from the Port of Morehead City to Charlotte and touching nearly a quarter of the state’s economy. The railroad carries 50-60 freight trains and 10 passenger trains daily. The oldest private company in the state, NCRR remains at the forefront of rail improvements and partnership development to promote jobs and rail-served industry.

View comments or post a comment on this story. (0 Comments)

More News

SEPTA takes Siemens ACS-64 electric locomotive on inaugural run

The purchase of the new locomotives was made possible by Act 89, Pennsylvania's comprehensive funding transportation bill.

'Flying train' could be coming to a station near you

Aircraft design features detachable wings to hasten turnover at airports and make boarding easier and closer to passengers’ homes.

PowerPusher's rail movers safety push, pull over 225 tons

The flexible mover operates on or off the rails for increased dexterity and efficiency allowing for easy maintenance of railcars.

NCTD board approves purchase of 5 more Siemens locomotives

The new vehicles will allow NCTD to improve operational efficiency while contributing to local and state sustainability and air quality goals.

Chicago's Metra launching 2 fare zone pilot programs

In May, the board of directors approved testing several recommendations that emerged from a study of its fare policies.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close