National Gateway Announces Addition of More Than 50 New Supporters
08 October 2009 - 6:01AM
PR Newswire (US)
Backing from federal and state officials, businesses and economic
development organizations strengthens coalition WASHINGTON, Oct. 7
/PRNewswire-USNewswire/ -- The National Gateway, an unprecedented
public-private partnership dedicated to improving the nation's
freight capacity, today announced the addition of nearly 50 new
supporters since June 1, 2009, bringing the total number of
coalition supporters to more than 140. The National Gateway is an
$842 million, multi-state public-private infrastructure initiative
which will create a more efficient freight rail route between
Mid-Atlantic ports and Midwestern markets. Planned improvements
include raising bridges, increasing tunnel clearances and building
new terminals along existing rail corridors to support the movement
of double-stacked containers on rail cars. The coalition has the
support of both public and private sector leaders, including
governors and other state and local officials across six states.
Additionally, more than three dozen members of Congress, three port
authorities, and a large number of global shippers, ocean carriers,
business organizations and environmental groups have pledged their
support for the National Gateway. "Public-private partnerships like
the National Gateway will yield vast benefits to the economy, the
environment and the taxpayer," said Joel Haka, Chief Operating
Officer and Senior Vice President of Operations for CMA CGM
(America) LLC. "This project will create a better transportation
network by creating cost-effective transportation options allowing
us to better serve our customers around the globe while creating
jobs and protecting the environment." The National Gateway was
recently honored as "Competitiveness Project of the Year" by the
North American Strategic Infrastructure Leadership Forum, a leading
infrastructure identification and development group. In addition to
improving America's competitiveness in global markets, the National
Gateway will create jobs, reduce transportation-related emissions
and alleviate congestion on roads and highways. According to
Cambridge Systematic figures from 2009, every dollar of public
money invested in the National Gateway will yield $16 in public
benefits by significantly increasing freight capacity and reducing
transit times between coastal ports and major population centers by
24 to 48 hours. To date, the project has received $395 million in
funding commitments from freight transportation company CSX
Corporation and its affiliates. States involved in the project are
expected to fund $189 million, with an additional $258 million
requested from the federal government. The National Gateway
coalition combines the strengths of the private and public sectors
to efficiently and economically create safer, less congested
roadways, improve the environment and promote economic growth.
Supporters have led efforts to deliver an innovative program that
will significantly benefit the millions of Americans whose lives
are impacted by freight transportation every day. For a complete
list of supporters, visit http://www.nationalgateway.org/.
DATASOURCE: National Gateway CONTACT: Richard VanOrnum of National
Gateway, +1-857-991-1045 Web Site: http://www.nationalgateway.org/
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