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

Sound Transit orders 122 new Siemens light railcars

The $554 million order will nearly triple the fleet from its current 62 cars, adding needed capacity as rail begins to extend north, south and east as part of the Sound Transit 2 package.

Calif. SMART policy proposes cellphone ban onboard trains

The proposed ban highlights debate over the use of cellphones in public spaces for work or leisure purposes, and the annoyance many feel at being roped into someone else’s conversation.

Metra police focus on crossing violators during rail safety week

Metra police issued more than 200 citations to motorists and pedestrians who failed to obey railroad gates and signals or trespassed on railroad property. 

FTA awards $1B federal grant for San Diego trolley extension

The extension will improve access to employment hubs and numerous educational and medical facilities north of downtown, making it easier for people to travel throughout the city.

Brookville delivers first of six Detroit M-1 RAIL streetcars

The streetcar’s early arrival marks the second early delivery by Brookville this year. Two option vehicles were delivered to Dallas Area Rapid Transit six months ahead of contractual delivery this summer.

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