Governor Kathy Hochul announced a historic $111.1 million investment in New York’s port and freight rail infrastructure.
Article continues below
>
The funding, the largest amount ever awarded under the state’s Passenger and Freight Rail Assistance Program, will fund nearly 40 projects that will help modernize key freight lines and port facilities, allowing them to remain competitive in the global economy and fueling job creation in every region of the state.
These investments will enhance the safety and resiliency of these vital freight corridors, while also supporting New York’s nation-leading agenda to combat climate change by facilitating greater use of zero-emission equipment and reducing truck traffic and congestion.
“New York’s ports and freight rail networks are vital to the state’s economic well-being and these historic investments will ensure that they remain globally competitive,†Governor Hochul said.
“This funding will upgrade important parts of our transportation infrastructure to meet the challenges of the 21st Century, reduce pollution, and fuel the economic engines that power our state."
Funding will support 38 projects in every region of the state and will include track and bridge rehabilitation, capacity expansion, procurement of cleaner rail equipment, and the modernization and expansion of rail infrastructure in freight yards and at seaport facilities.
Projects include $9 million to help the Albany Port District Commission upgrade its infrastructure to meet the increasing needs of heavier cargo; $5.5 million to increase capacity along the Fremont Industrial Track in New York City; $4 million to rehabilitate grade crossings and bridges in the vicinity of Watkins Glen; and $1.8 million for the Port of Oswego to reduce its carbon footprint by obtaining an electric rail car mover.
The $111.1 million in state funding leverages an additional $20.5 million in private funding for these projects across the state which are essential to maintaining safety and keeping New York railroads competitive in a changing global economy.
Winning projects were selected through a competitive solicitation process and rated based on established criteria that include a benefit cost analysis, adherence to regional economic development plans, safety enhancements, compatibility with other private and public investments, and actions that enhance resilience and reduce climate risk. ■