Ohio short-line deal closed
Agracel, which provides industrial development services to rural communities, has launched a new affiliate in the USA, Agracel Rail Holdings, to develop short-line and regional railroad services in North America. Agracel previously co-developed the Effingham Railroad and Illinois Western Railroad in Illinois.
Agracel Rail signed a new agreement with the Lawrence Economic Development Corporation (LEDC) soon after its recent launch, to redevelop and operate rail infrastructure located at The Point industrial park in South Point OH.
With the deal, Agracel Rail will operate and manage The Point's rail services and invest in safety improvements and track upgrades. There are direct connections with Norfolk Southern from the industrial park. (ben)
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www.ledcorp.org