In a move set to redefine New York's transportation landscape, Governor Kathy Hochul announced a groundbreaking $111.1 million investment in the state's port and freight rail infrastructure. This funding, the largest ever awarded under New York's Passenger and Freight Rail Assistance Program, marks a significant step towards modernizing crucial freight lines and port facilities, bolstering their competitiveness on the global stage, and driving job creation across all state regions.
"These historic investments underscore our unwavering commitment to New York's economic prosperity," Governor Hochul emphasized. By upgrading our transportation infrastructure, we are positioning ourselves to meet the demands of the 21st century, promote sustainability, and ignite economic growth in every corner of our state."
The funding will fuel nearly 40 projects spanning every region of New York, ranging from track and bridge rehabilitation to capacity expansion and the procurement of cleaner rail equipment. Notable projects include a $9 million upgrade to the Albany Port District Commission's infrastructure, a $5.5 million capacity boost along the Fremont Industrial Track in New York City, a $4 million rehabilitation of grade crossings and bridges near Watkins Glen, and a $1.8 million initiative at the Port of Oswego aimed at reducing carbon emissions through the acquisition of an electric rail car mover.
Highlighting the environmental benefits of these investments, Hochul emphasized the role of freight rail in reducing pollution and traffic congestion. "Each freight rail train eliminates hundreds of trucks from our roadways, offering a sustainable solution to transportation challenges while advancing our climate goals," she remarked.
Administered by the New York State Department of Transportation, the Passenger and Freight Rail Assistance Program prioritizes investments that enhance freight movement, improve service reliability, and stimulate economic development, particularly in upstate regions. The $111.1 million state funding, complemented by $20.5 million in private contributions, underscores New York's commitment to maintaining safety and competitiveness in a rapidly evolving global economy.
Winning projects were selected through a rigorous competitive process, evaluating criteria such as benefit-cost analysis, adherence to regional economic plans, safety enhancements, and resilience to climate risks. "These investments epitomize Governor Hochul's vision for a resilient and sustainable transportation system," remarked New York State Department of Transportation Commissioner Marie Therese Dominguez. "They pave the way for a cleaner, greener future while ensuring the safe and efficient movement of goods across our state."
State Senator Tim Kennedy echoed the sentiment, hailing the investment as a testament to New York's dedication to infrastructure improvement and transportation safety. "By enhancing our freight rail networks, we are bolstering local economies and fortifying vital supply chains," Kennedy noted.
Assemblymember Bill Magnarelli underscored the transformative impact of the funding, particularly on Central New York regions. "These investments allow for critical upgrades to our railways, aligning with the evolving infrastructure needs of our communities," Magnarelli remarked.
Governor Hochul's historic investment signals a bold stride towards a more sustainable, efficient, and resilient transportation network, laying the foundation for New York's continued economic growth and prosperity.