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Fundraising - SEPTEMBER 25, 2020

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North Carolina wins $13m grant for railroad infrastructure

by Kali Persall

The Aberdeen Carolina & Western Railway (ACWR), a class III railroad located in south-central North Carolina, has locked in a $13 million grant to fund a number of rail infrastructure investments.

This grant will fund more than $27 million investments in rail infrastructure between Moore, Montgomery, Stanly, Cabarrus and Mecklenburg counties. It also will rehabilitate three bridges, construct two new sidings, install approximately 83,500 new crossties, replace rail along approximately six miles of track, and construct two new storage and switching yards.

ACWR said the funds will improve its infrastructure and freight operations, thus enabling growth opportunities along the corridor, particularly in rural areas. The grant was awarded through the USDOT Consolidated Rail Infrastructure and Safety Improvements (CRISI) program.

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