Group: Rail industry to invest $23B using private funds in 2012

10/1/2012 | RT&S online

The freight-rail industry is poised to invest $23 billion using private dollars for infrastructure enhancement this year "so taxpayers don't have to," said Edward Hamberger, president and CEO of the Association of American Railroads. "These investments ... help keep American businesses competitive in the global marketplace, while supporting not only railroad jobs but also supporting jobs throughout the economy." Among projects covered by such investments are intermodal terminals, bridges, tunnels and tracks.

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