Grant & Loan Awards: Wayne County


Equity

Wayne County

Equity Fund: $1,000,000

Awarded: 06/11/2008

Applicant: Southeast Georgia Joint Development Authority - Brantley, Camden, Charlton, Glynn, McIntosh, and Wayne


Description:
Equity funds to construct a 12,600 linear foot railroad passing siding alongside the 182-mile Norfolk Southern (NS) Macon to Brunswick line. To be known as the Wayne County Passing Siding, it will be constructed near Odum in Wayne County. The passing siding is needed to increase the capacity and efficiency of the Macon to Brunswick line to support the Brunswick Port and economic development opportunities in all of the counties in the region connected to the NS line. The siding, which will be constructed parallel to the existing NS through-line, will allow one train to pass another, thus increasing the number of trains using this line. The project will increase grain export capacity and efficiency to support the Brunswick Port and economic development opportunities in the Region. Total project cost includes a USDA loan of $1,040,000, Joint Development Authority commitment of $1,108,634 and Georgia Department of Transportation commitment of $1,050,000.


Total Budgeted Project Cost: $4,198,630


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