July 31, 2017
North Carolina Railroad Company Invests in Freight Rail Infrastructure to Serve I-85 Corridor Industrial Park, EGGER Wood Products
The North Carolina Railroad Company is one of several partners named in the recent announcement that EGGER Wood Products, an Austrian manufacturer of wood products used in furniture, wood construction and flooring, will be locating in North Carolina. EGGER Wood Products will create as many as 770 new jobs and invest $700 million at the I-85 Corridor Park in Davidson County.
EGGER Wood Products requires freight rail service on site. The I-85 Corridor Park will connect to the railroad line adjacent to Norfolk Southern’s Linwood Yard. Through the North Carolina Railroad Company’s economic development initiative, NCRR Invests, the Company is investing approximately $3.5 million in the construction of a lead track and switches to connect the manufacturing facility to Linwood Yard and the North Carolina Railroad line, which is served by Norfolk Southern. The addition of this lead track will not only provide access to freight rail service to EGGER Wood Products, but will begin to open the remainder of the I-85 Corridor Park to future opportunities for freight rail users.
“Through our NCRR Invests initiative we collaborate with our economic development partners to ensure that North Carolina is competitively positioned to meet the freight rail infrastructure needs of new and expanding business and industry, creating jobs for the citizens of our state,” said Scott Saylor, President of the North Carolina Railroad Company. “We are proud to be a partner in this exciting opportunity for economic growth in Davidson County and the Triad.”
About the North Carolina Railroad Company
The North Carolina Railroad Company is a private corporation whose stock is owned by the State of North Carolina. The Company manages the use of 317 miles of track stretching from Charlotte to the Port of Morehead City. The Company’s mission is to put the North Carolina Railroad Company to work for the good of the people of North Carolina and improve our state by expanding freight rail opportunities to grow business, Enabling rail to move people and investing in North Carolina.
About NCRR Invests
NCRR Invests provides assistance to companies that take advantage of the state’s freight rail opportunities and create jobs by locating or expanding their business in North Carolina. The goal of any NCRR investment is to drive job creation and economic growth.