8.9 C
Wednesday, April 1, 2020
cargo integrity campaign lashing in the spotlight
Home Port News North Charleston rail hub closer to the green light

North Charleston rail hub closer to the green light

A rail yard where cargo boxes moving through the Port of Charleston would be transferred on and off freight trains has received a key federal permit, but the project has a few more steps before it gets the green light.

The $291 million rail hub is proposed for 118 acres near Hobson Avenue and Viaduct Road on the former Navy base in North Charleston. It would be owned and operated by Palmetto Railways, a division of the S.C. Commerce Department.

In a statement, Commerce called the permit from the Army Corps of Engineers a “monumental milestone,” giving the rail hub all of the environmental approvals necessary for construction.

But the project — officially known as the Navy Base Intermodal Container Transfer Facility — doesn’t have all of its funding and to get that it will need approval from the Federal Railroad Administration. A spokeswoman for that agency said approval could come later this year.

Palmetto Railways is seeking a loan through the federal Build America Bureau to cover most of the construction costs, with other funding expected to come from public and private sources.

Read more on The Post and Courier.

- Advertisment -your ad here

Latest Posts

Evergreen orders nearly 12,000 new containers from CIMC

Evergreen Marine Corporation is ordering 11,500 X 20-foot containers from China International Marine Containers (CIMC) for US$37.13 million. The Taiwanese mainline operator did not disclose...

Hapag-Lloyd adjusts GRI from Canada to East Asia

Hapag-Lloyd has adjusted the announced General Rate Increase (GRI) ex Canada only to East Asia destinations to US$100/TEU. This increase will be applicable for...

MSC announces new Gdynia rates

MSC Mediterranean Shipping Company S.A. has announced the following freight rates as from 16 April 2020 until further notice but not beyond 16 May...

Korean logistics firm selects CyberLogitec solution

Korean freight company, CJ Logistics, has signed a contract to deploy OPUS Logistics, provided by CyberLogitec, maritime, port/terminal and logistics operations software, throughout their...

MABUX bunker index – 31 March

China will grant export quotas for refined oil products to non-state refineries in the Zhejiang pilot free trade zone, the state council said in...