Los Angeles receives US$16m grant for rail project
The project includes staging and storage tracks for adjacent on-dock railyards for the China Shipping/West Basin Container Terminal and Trans Pacific Container Service Corp. (TraPac), and the short-line railroad that switches for the Union Pacific Railroad, BNSF Railway and other terminals. Total cost of the project which includes the removal of two at-grade rail-highway crossings is estimated at approximately US$125m.
The West Basin Railyard provides a staging and railcar storage area for trains entering from or departing the Alameda Corridor, a 20-mile rail link between the ports of Los Angeles and Long Beach and the national railway system that transports about 15% of all marine containers entering or leaving the US.
In addition to TIGER II, the Port has also secured other state and local funds and will contribute about US$50m of its own capital funds towards the project. Construction is expected to start in the first quarter of 2011 with completion scheduled toward the end of 2013.
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