G&W and Connecticut Port Authority announce Port of New London agreement

Genesee & WyomingThe Connecticut Port Authority (the Authority), the Office of Policy and Management (OPM) and New England Central Railroad, Inc. (NECR), a subsidiary of Connecticut-based Genesee & Wyoming Inc., today announced that they have reached an agreement on property utilization in the vicinity of the Authority’s port facility in New London (the Port) that maximizes future growth opportunities.

Following lengthy negotiation, an outcome was reached that provides maximum benefits to the State of Connecticut, the Authority and the railroad. NECR has leased a five-acre parcel under its control to the Authority that facilitates the immediate opportunity to handle wind turbine components through the Port, which at this time does not require rail service. In return, the Authority has agreed to facilitate rail access for future port business requiring rail transportation.

“The Port of New London is an important part of the State’s economy, and this transaction helps position the Port to be a future generator of expanded economic activity and jobs growth in the State,” said Kosta Diamantis, OPM Deputy Secretary. “We are pleased to reach this mutually beneficial agreement.”

NECR President Len Wagner said, “This agreement builds on the completed upgrades to the NECR main line through Connecticut. With the pending completion of upgrades to the line in Massachusetts as well, the railroad will be able to handle modern, fully loaded freight cars from the Port of New London to the Canadian border, and from there throughout North America. Improving the railroad’s ability to serve Connecticut has been a terrific, collaborative process among the railroad, the State, the Authority, CTDOT, and the Connecticut congressional delegation.”

A successful example of the effort by the Authority, State and NECR to maintain vibrant multi-modal options in and around the Port is the announcement earlier this year that Mohawk Northeast, a Connecticut-based marine construction firm, plans to construct a new pier along the rail line.

-via Press Release

This article was posted on: March 31, 2020