From Austin Business Journal, January 28, 2009...
New concerns raised Wednesday by Bruce Todd, the former Austin mayor and current executive director of the Texas Rail Relocation and Improvement Association, suggest Texas could lose a chance to expand its role in foreign trade if funding for the state’s rail relocation initiative doesn’t come quicker.
A $5.25 billion expansion of the Panama Canal, set for completion in 2014, could bring more cargo ships to Texas ports, Todd said in a statement. But, he said, that extra cargo could be paralyzed if the freight rail lines serving ports aren’t upgraded.
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Wednesday, February 4, 2009
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