Central New York Regional Economic Development Council Announces Progress on Susquehanna & Western Railway Terminal Improvement Project
The Central New York Regional Economic Development Council today announced that the New York Susquehanna & Western Railroad Corporation (NYS&W) has received contract approval for over $900,000 in funding for design and construction of a multi-modal rail terminal in Cortland as part of Governor Andrew M. Cuomo’s Regional Council initiative. This project will enhance NYS&W’s ability to move cargo in and out of the Cortland area, benefitting several local companies and boosting economic activity in the area.
"We are excited that progress is being made on the Susquehanna & Western terminal project,” said Nancy Cantor, Chancellor and President of Syracuse University and CNYREDC Co-chair. “This project is a perfect example of the way state and regional partnership can provide critically needed investment to build infrastructure that leverages our local economic strengths.”
“This project is a good example of how Regional Economic Development funding is having a direct impact on our local businesses and communities,” said Robert Simpson, President of CenterState CEO and Co-chair of the CNYREDC. “Consistent with the region’s strategy to improve connections to the regional, national and global economies, the transload terminal facilitates cost-effective rail freight that will increase the competitiveness of businesses in Cortland County and beyond.”
“The new transload terminal will improve the New York Susquehanna & Western Railway’s operating efficiency and expand their business,” said NYSDOT Commissioner Joan McDonald. “In turn, other area businesses can grow because they’ll now have access to being able to move large quantities of goods by rail.”
The Cortland Transload Terminal Improvement will construct a rail terminal which will allow short-haul trucks to load and unload directly onto rail cars, which will enhance the movement of goods between rail and trucks and enhance overall operational efficiency in the Cortland area. The project will consist of the construction of three siding tracks just south of NYS&W’s Cortland spur line, as well as the infrastructure required to enable containers to be transferred between rail cars and trucks. This new facility will be built near Pendleton Road, in the southern portion of the City of Cortland.
“Controlling the costs of shipping is a vital priority in today’s marketplace,” said New York Susquehanna & Western Railway Corporation President Nathan R. Fenno. “The Cortland Transload Terminal will enable Central New York Region businesses to address the cost of shipping by taking advantage of the efficiencies of rail transportation without having to be located next to the railroad. The goal of the facility is to help local business save money, increase flexibility and improve reliability. Consequently, the more freight that moves by rail, the less we move by long-haul trucks. So, by expanding the access to rail freight, the Cortland Transload Terminal will help to decrease greenhouse emissions and reduce our dependence on fossil fuels.”
In the first round of the Regional Council initiative, the Cortland Transload Terminal Improvement was awarded $917,442 from the New York State Department of Transportation. NYSDOT’s funding program, authorized pursuant to the Rebuild and Renew New York Transportation Bond Act of 2005, provides funds for freight rail capital improvements to preserve and/or improve service in the State's major trade and passenger travel corridors, including capacity, clearance, intermodal facilities, yards and other projects that enhance competitiveness and economic development.
Senator James L. Seward said, “Upgrading Cortland’s infrastructure through the construction of a new rail terminal will provide a lift to existing businesses and help attract new industry as well. This is an ideal example of how the Regional Economic Development Council approach can be put to use - focusing on projects that have local support and mesh with other initiatives to build our economy from the ground up.”
Mayor of Cortland Brian Tobin said, “I am pleased that the City was able to assist the New York Susquehanna & Western Railroad in their pursuit of a rail spur in the city of Cortland. Rail is an economical and efficient method of transporting goods, and the addition of spurs will be of great benefit to the local economy. This is an example of government doing its job – working to help establish the necessary infrastructure to allow people and businesses to thrive. We are pleased that NYS&W chose the City of Cortland for this project, and their interest in our community.”
To learn more about each regional council and their economic development plans, visit www.regionalcouncils.ny.gov. For information on how the New New York is working for businesses and Central New York, please visit http://www.thenewny.com.