REGION : Railroads to Sign Alameda Corridor Pact
An operating agreement is to be signed today by three railroad companies, committing them to using the Alameda Corridor, a 20-mile railway that will be built to speed cargo to and from the ports of Long Beach and Los Angeles.
Representatives from Long Beach, Los Angeles and the Southern Pacific, Union Pacific and Santa Fe railroads are scheduled to attend a signing ceremony at 10:30 a.m. at the Long Beach Container Terminal’s dockside rail facility on Pier F in the Port of Long Beach.
Under the agreement, the railroads will pay $15 for each 20-foot cargo container transported along the corridor, plus additional charges for non-container traffic. The fees will be used to help pay the revenue bonds issued for the $1.8-billion project.
“We’ve had milestones all along the way, but this is kind of the culmination,†said Barbara Yamamoto, spokeswoman for the Port of Los Angeles. The ports can now focus on obtaining funding from the federal government, she said.
Port officials have purchased 26.3 miles of right of way from Southern Pacific Railroad, 18.6 miles from Union Pacific Railroad and .7 miles from the Atchison, Topeka & Santa Fe Railway Co. Although the Alameda Corridor will only be 20 miles long, the ports had to buy additional railway for alternate routes.
Construction is scheduled to begin in 1995, and the project is scheduled to be operating by 2001.
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