From the StarNews:
A bill ordering the N.C. Department of Transportation to look for money now to fund restoration of the abandoned rail line between Castle Hayne and Wallace will be filed this week. The cost of re-establishing that link is expensive. A 2004 estimate put it at more than $80 million, including about $49 million for track restoration and $32 million in CSX rehabilitation costs.
There are lots of pros and cons on this proposal, but the costs (mentioned above) are buried deep in the story. Is rail really the future? That’s $80m that could have gone to roads, bridges or simply not been spent. We’ll see where it ends up. Justifying it for the port seems like a stretch looking at the broader picture, but that’s just my opinion. Why now?
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