Port of Longview Industrial Rail Corridor Expansion
The loan supports the extension of existing tracks, construction of six new 8,500-foot tracks, and the addition of a new six-track embankment to allow for future expansion. New crew access roads and other supporting infrastructure will also enhance safety. Additionally, the improvements will support the redevelopment of the historic Berth 4 Grain Complex, a future revitalization project planned by the Port.
The Port of Longview project will double freight capacity through the corridor and eliminate congestion from the overburdened two-track system, enabling trains to move seamlessly and reducing costly delays. It will also drive economic growth by attracting more private investment and increasing export capacity for commodities such as grain and timber, as well as generating an estimated $2.8 billion in annual activity and $66 million in tax revenues, which are crucial for the rural area’s rapidly transitioning economy. This will also help meet growing domestic and international market demands.
Located in a rural area, the Port of Longview was able to utilize the Bureau's Rural Project Initiative to borrow at half of the typical interest rate.
Read the press release.
