The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Centerra Gold: Oversold Gold Miner With Strong Balance Sheet (TSX:CG:CA)

  • FBI warns Coloradans of cryptocurrency scams

  • Biden Cracks Down on Chinese Tech Investment

  • Why General Motors Shares Climbed in January

  • UW Complements State’s Investment With Controlled Environment Agriculture Center | News

Investment
Home›Investment›Kelly announces $11.5 million investment to improve rail service across rural Kansas – Newstalk KZRG

Kelly announces $11.5 million investment to improve rail service across rural Kansas – Newstalk KZRG

By Megan
May 29, 2022
45
0
Share:

HUMBOLDT – The State of Kansas will give $11.5 million in grants to advance 17 railroad improvement projects across the Sunflower State.

The projects – the majority of which are in West and South Kansas – will be funded through the Kansas Department of Transportation’s State Rail Service Improvement Fund (SRSIF).

Governor Laura Kelly shared the list of SRSIF’s spring 2022 grantees during an event at the Monarch Cement Company in Humboldt, the largest grantee this cycle.

“Kansas’ railroad industry is vital to the state’s economy and the nation’s supply chain system,” Governor Laura Kelly said. “This $11.5 million investment will modernize our rail network, strengthen our position as a national logistics hub, and enable farmers and ranchers to get their products to market faster.”

SRSIF is part of the Eisenhower Legacy Transportation Program (IKE). Since IKE was founded in 2019, it has awarded nearly $50 million in grants and matching community contributions to 26 improvement projects. Core to IKE is state-local collaboration; each grantee contributes at least 40% of the improvement project funding. With the grantees’ contributions, the total investment in rail improvement projects throughout the state is $19 million.

“Combining state and private funds to improve local infrastructure is a core principle of IKE: leveraging partnerships,” Secretary Julie Lorenz said. “By placing emphasis on right-sized, practical improvements, together we are effectively addressing critical infrastructure needs for agriculture and manufacturing in Kansas.”

These grant funds, made available to short-line railroads, shippers, and other qualifying entities, will be used for significant track rehabilitation and capacity improvement projects. Funds may also be used for financing and acquisition activities and the purchase of rolling stock.

Below are the projects receiving funding from the SRSIF for fiscal year 2022:

Project Sponsor

Project

Award

Kansas and Oklahoma Railroad

Replace rail on .5 mile of curves

$112,595

Kansas and Oklahoma Railroad

Upgrade 51 bridges to 286K

$955,500

Cimarron Valley Railroad

Major rehabilitation

$1,048,872

South Kansas and Oklahoma Railroad

Replace 9 switches in Winfield Yard

$380,803

South Kansas and Oklahoma Railroad

Major rehabilitation/286K

$619,564

Americold Logistics

Siding replacement

$28,951

Kansas and Oklahoma Railroad Priority

Replace 4 switches from 90# to 115# rail

$182,119

Garden City Western

Rehabilitation

$307,513

Scoular Grain Goodland

Siding extension

$361,644

ADM

Construction of new 2-mile loop track

$90,000

MKC Elevator

Construction of 120-car loop track

$1,625,169

Dei-Fan Logistics

New siding construction

$642,526

Bestifor Farms

Siding rehabilitation & expansion

$664,756

Monarch Cement

Construction of new siding

$2,100,000

Midland Marketing Cooperative

Siding rehabilitation

$231,015

KYLE

Rail replacement

$1,440,000

New Century AirCenter Railroad

Major rehabilitation/286K

$849,900

Source link

Previous Article

Finding Sustainability in Traditional Commodities: Webinar Highlights

Next Article

Precious Metals Analysis Instrument Market 2022 Report ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Investment

    9 Ways To Invest for Your Grandchildren

    October 17, 2022
    By Megan
  • Investment

    Is VTI A Better Investment Than VOO After A Big Correction?

    November 1, 2022
    By Megan
  • Investment

    Halo Investing and Ladder Partner to Increase Protective

    December 13, 2022
    By Megan
  • Investment

    Skowhegan mill to expand after $418M investment

    November 29, 2022
    By Megan
  • Investment

    Inventiva draws down €25 million tranche under Finance Contract with the European Investment Bank

    December 12, 2022
    By Megan
  • Investment

    Major Investment in Archtop Fiber Accelerates the Delivery of World-Class Broadband Internet to New York’s Hudson Valley

    December 1, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Gold and Precious Metals

    Gold Shone Bright in 2022, But You Ain’t Seen Nothing Yet

  • Australian Economy

    Big wet fails to dampen farm production

  • Stock Shares

    Light Street Capital Managemen Sells 7,450 Shares of Nerdy, Inc. (NYSE:NRDY) Stock

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • February 2, 2023

    Centerra Gold: Oversold Gold Miner With Strong Balance Sheet (TSX:CG:CA)

  • February 2, 2023

    FBI warns Coloradans of cryptocurrency scams

  • February 2, 2023

    Biden Cracks Down on Chinese Tech Investment

  • February 2, 2023

    Why General Motors Shares Climbed in January

  • February 2, 2023

    UW Complements State’s Investment With Controlled Environment Agriculture Center | News

Best Reviews

Latest News

Gold and Precious Metals

Centerra Gold: Oversold Gold Miner With Strong Balance Sheet (TSX:CG:CA)

Adil Abdrakhmanov/iStock via Getty Images Introduction If Covid has proven anything, it is the failure of the Keynesian approach to economic policy. Debt accumulation appears the only constant over the ...
  • FBI warns Coloradans of cryptocurrency scams

    By Megan
    February 2, 2023
  • Biden Cracks Down on Chinese Tech Investment

    By Megan
    February 2, 2023
  • Why General Motors Shares Climbed in January

    By Megan
    February 2, 2023
  • UW Complements State’s Investment With Controlled Environment Agriculture Center | News

    By Megan
    February 2, 2023
  • Recent

  • Popular

  • Comments

  • Centerra Gold: Oversold Gold Miner With Strong Balance Sheet (TSX:CG:CA)

    By Megan
    February 2, 2023
  • FBI warns Coloradans of cryptocurrency scams

    By Megan
    February 2, 2023
  • Biden Cracks Down on Chinese Tech Investment

    By Megan
    February 2, 2023
  • Why General Motors Shares Climbed in January

    By Megan
    February 2, 2023
  • Centerra Gold: Oversold Gold Miner With Strong Balance Sheet (TSX:CG:CA)

    By Megan
    February 2, 2023
  • Australia’s economy: boom or bust?

    By Megan
    September 9, 2019
  • Australian economy suffers virus symptoms

    By Megan
    February 10, 2020
  • Australian economy likely already slowing in Q2 before Delta downturn

    By Megan
    August 30, 2021

Trending News

  • Gold and Precious Metals

    Centerra Gold: Oversold Gold Miner With Strong Balance Sheet (TSX:CG:CA)

    Adil Abdrakhmanov/iStock via Getty Images Introduction If Covid has proven anything, it is the failure of the Keynesian approach to economic policy. Debt accumulation appears the only constant over the ...
  • Investment

    FBI warns Coloradans of cryptocurrency scams

    Coloradans have been scammed out of millions of dollars, the FBI said. DENVER — The FBI’s Denver office is warning the public of a rise in people falling victim to ...
  • Investment

    Biden Cracks Down on Chinese Tech Investment

    The United States and China have spent several years and tens of billions of dollars investing in each other’s technology sectors. Now, after months of escalating moves targeting semiconductors, social ...
  • Stock Shares

    Why General Motors Shares Climbed in January

    What happened Auto stocks were under pressure for much of 2022 on fears that a slowing economy and rising interest rates would eat into demand for autos. A combination of ...
  • Investment

    UW Complements State’s Investment With Controlled Environment Agriculture Center | News

    February 2, 2023 In this photo taken in February 2012, Nate Storey examines lettuce growing in his startup company’s patented vertical towers inside a UW greenhouse. Today, he is the ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.