By Will Robinson, Reporter, Jacksonville Business Journal;
Nat Ford, CEO of the Jacksonville Transportation Authority, notified the board Thursday of a grant application that would quicken freight trains traveling through San Marco, where trains have caused long delays, and help bring passenger rail service back to the downtown area.
The Consolidated Rail Infrastructure and Safety Improvement grant is a joint effort by the City of Jacksonville and JTA with the support of Florida East Coast Railway and CSX Corp. (Nasdaq: CSX). At an estimated cost of about $35 million, the project would update aging rail and signal infrastructures, which Ford said were to blame for slow freight train speeds through the area.
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