Wednesday, September 08, 2010

Study measures jobs impact of intermodal facility

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A study released Wednesday by the public/private partnership of the City of North Charleston, S.C., CSX Transportation, and Shipyard Creek Associates concludes that a proposed intermodal rail and warehousing complex would create $73.4 million in additional output and 869 permanent jobs annually. The report also estimates that during construction and development, the plan would create $111.9 in additional output and 1,410 jobs.

The economic impact report was prepared by the research firms of Perryman Group in Waco, Texas.

“We knew our commercial rail plan would have a hugely positive economic impact on the region and the state,” said North Charleston Mayor R. Keith Summey. “At a time when our economy desperately needs the best of what the public and private sectors can offer by working in harmony, this study gives hope to those of us who are worried about South Carolina’s economic future.”

The intermodal rail hub would primarily serve s container terminal being built on the former Navy base in North Charleston. It would remove 3.2 miles of CSX rail lines running through the city, build about half a mile of new track, and renovate another half-mile of mostly unused track.