Norfolk Southern and the Commonwealth of Pennsylvania have partnered to build the railroad’s Philadelphia Navy Yard intermodal facility for the high-speed intermodal freight rail route between the Gulf Coast and the north-east.
The proposed $11m project, part of the Norfolk Southern’s multistate Crescent Corridor initiative, will be funded by $6m from Norfolk Southern and $5m from Pennsylvania.
The facility is expected to handle more than 72,000 containers and trailers annually.
Governor Edward G Rendell said the Philadelphia Navy Yard intermodal facility will serve Pennsylvania, New Jersey and Delaware, creating jobs, generating revenue and helping reduce highway congestion.
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By GlobalDataMayor Michael Nutter said that with this $11m investment, Norfolk Southern’s intermodal terminal at the Navy Yard would benefit shippers and consumers in the city and lead to further economic development opportunities in the Philadelphia area.