Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • 7 of the Best Charles Schwab Mutual Funds
    • Invesco Mutual Fund enters the SIF market with an equity long-short scheme – Mutual Funds News
    • Why 25% of India’s mutual fund money is in hybrid funds
    • SK Hynix Gets Dedicated Leveraged ETFs Ahead of High-Stakes AI Market Debut
    • Coal Ministry allows insurance surety bonds instead of bank guarantees | Economy & Policy News
    • Top 5 mutual funds in India by AUM: Returns comparison over 1, 3 and 5 years
    • Sukanya Samriddhi vs Mutual Fund SIP For A Girl Child: What Gives Better Returns?
    • Bitcoin ETFs just had their worst month ever — but bitcoin is bouncing. What’s happening?
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Federal grants to fund railroad upgrades in Middle, West Tennessee • Tennessee Lookout
    Funds

    Federal grants to fund railroad upgrades in Middle, West Tennessee • Tennessee Lookout

    October 30, 2024


    Three railroad projects in Tennessee will receive up to $25.7 million in federal infrastructure grants, the U.S. Department of Transportation announced Tuesday.

    Funded projects include upgrades to a railroad from Jackson to the northwest corner of the state, improvements to 13 miles of track between Manchester and Morrison and a new rail yard in Watertown, east of Nashville.

    The funds, distributed by the Federal Railroad Administration, are part of $2.4 billion dedicated by the Bipartisan Infrastructure Law to 122 rail improvement projects in 41 states and Washington, D.C. The Consolidated Rail Infrastructure and Safety Improvements Program grant funding prioritizes smaller rail systems in rural communities that are “vital to the American economy and regional supply chains,” the Federal Railroad Administration wrote in a news release.

    Railroad modernization and a new rail yard

    The Kenton Branch of the West Tennessee Railroad will receive up to $14 million to install new rail and modernize the corridor that provides freight service to West Tennessee industries from Jackson to Kenton. The remainder of the 32-mile line will be upgraded to accommodate 286,000-pound railcars, improving the line’s service and system performance, according to the release. West Tennessee Railroad, LLC and the Tennessee Department of Transportation will contribute a 30% combined match for the federal funds. 

    Caney Fork and Western Railroad, located roughly halfway between Nashville and Chattanooga, provides freight services for tire products, plastics and lumber in a region with a growing automotive industry, according to Ironhorse Resources, which manages the railroad. The railroad will receive up to $10,125,000 to improve about 13 miles of track, “allowing for safer and faster transportation of goods,” the release states. The railroad and the Tennessee Department of Transportation will contribute a 25% combined funding match.

    Up to $1.6 million will be dedicated to build a new rail yard in Watertown, Tennessee, on the Nashville and Eastern Railroad. The yard will be owned by the city and located on city property, consisting of about 2,000 feet of new track and a donated turntable, allowing for passing and short-term storage along the existing railroad line. The Nashville and Eastern Railroad stretches 130 miles from Nashville to Monterey, Tennessee, and includes the Music City Star, the only passenger rail in the Nashville region, which offers service from Nashville to Lebanon. 

    The Nashville and Eastern Railroad also provides freight service for multiple industries, including building and energy products, waste, paper and chemicals, according to the R.J. Corman Railroad Company, which acquired the line in 2018. The City of Watertown and private sources will provide a 33% funding match, according to the release.

    GET THE MORNING HEADLINES.

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Private Equity Semiliquid Funds May Face a Redemptions Challenge

    July 1, 2026

    Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

    June 30, 2026

    Business News: Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

    June 29, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    7 of the Best Charles Schwab Mutual Funds

    July 2, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    7 of the Best Charles Schwab Mutual Funds

    July 2, 2026

    When discussing legendary mutual fund managers, few names receive as much attention as Peter Lynch.…

    Invesco Mutual Fund enters the SIF market with an equity long-short scheme – Mutual Funds News

    July 2, 2026

    Why 25% of India’s mutual fund money is in hybrid funds

    July 2, 2026

    SK Hynix Gets Dedicated Leveraged ETFs Ahead of High-Stakes AI Market Debut

    July 2, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Foremost Income Fund Reports Q3 2025 Results

    November 10, 2025

    Acutus Medical conclut un accord avec Deerfield Funds et modifie son crédit Par Investing.com

    January 21, 2025

    State selects and funds 94 wildfire projects to build community and climate resilience

    August 20, 2024
    Our Picks

    7 of the Best Charles Schwab Mutual Funds

    July 2, 2026

    Invesco Mutual Fund enters the SIF market with an equity long-short scheme – Mutual Funds News

    July 2, 2026

    Why 25% of India’s mutual fund money is in hybrid funds

    July 2, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.