On Wednesday, Governor Andrew M. Cuomo announced $25 million to fund rail and port improvement projects across New York. The grants, awarded through the Governor’s Passenger and Freight Rail Assistance Program, will support projects that strengthen infrastructure and economic development vital to the movement of goods throughout the state. The grants will leverage an additional $5.4 million in public and private investments to complete the projects.<\/p>\n
\u201cThese grants will help strengthen New York\u2019s infrastructure, attract new investments, and foster economic growth in communities in every corner of the state,” Governor Cuomo stated in a press release. <\/p>\n
He added, “A strong, reliable transportation system is critical to supporting safe, efficient travel for both New Yorkers and visitors, and our investments are key to ensuring the long-term resiliency of infrastructure across the state to support economic growth for generations to come.”<\/p>\n
New York awarded $25 million to 19 applicants through a competitive solicitation process. These investments will support track rehabilitation, capacity expansion, railroad bridge repairs, and economic development opportunities. An additional $5.4 million in private and local funding is being leveraged through this State initiative. <\/p>\n
Among those awarded is Owego and Harford Railway, Inc. located on Delphine Street in Owego, N.Y. The railway company was awarded $740,000 to rehabilitate the Owego Yard.<\/p>\n
The Passenger and Freight Rail Assistance Program provides state investments that improve and enhance the movement of freight goods and support economic development statewide. Program funding supports track and bridge rehabilitation to improve reliability; track capacity expansion to alleviate bottlenecks; and the modernization and expansion of rail yards and port facilities.<\/p>\n