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NCRR is helping build a strong economy that benefits the people of North Carolina. We do this most visibly with steel and wood. Even more important, we.

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Presentation on theme: "NCRR is helping build a strong economy that benefits the people of North Carolina. We do this most visibly with steel and wood. Even more important, we."— Presentation transcript:

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2 NCRR is helping build a strong economy that benefits the people of North Carolina. We do this most visibly with steel and wood. Even more important, we do it through careful management, effective collaborations, strategic thinking, and a clear plan for the future.

3 WHO WE ARE Our Mission To develop the unique NCRR assets for the good of the people of North Carolina, our single shareholder Our Vision To improve our state by enabling freight to grow business, expanding rail to move people, and investing in North Carolina

4 WHO WE ARE We’re devoted to developing and managing our 317-mile corridor in ways that: create jobs, retain existing industry help grow the economy, and maximize its value to the people of North Carolina.

5 WHO WE ARE We’ve been an essential part of a comprehensive transportation system for 166 years Unique Corporate Structure Private corporation with stock owned by the state Trackage-Rights Agreement Results in Revenue-Generation for Economic Development Investments Approximately $12 million annually in infrastructure and economic development capital to NCRR Operates with Private, Non-Taxpayer Revenue Receives no state appropriations Part of Tax Base Generates nearly $2 million in local property tax revenue annually Pays $4 Million Annual Dividend to Support Freight Rail Projects

6 WE PUT THE POWER OF TRAINS TO WORK
WHO WE ARE WE PUT THE POWER OF TRAINS TO WORK Managing 317-mile, 200-foot wide corridor from Charlotte to Morehead City Identifying industrial sites statewide to increase N.C.’s competitive position with the goal of spurring economic development Building rail improvements, infrastructure, stations, and investing in properties. Since 2000, NCRR has invested over $80 million to improve the railroad. Partnering with transportation and economic development organizations in new ways to expand freight rail service in NC and create jobs

7 WHO WE ARE

8 CURRENT TRIANGLE RAIL IMPROVEMENTS
Partnering with NCDOT Hopson Road Grade Separation and Siding $26 million project $2 million investment by NCRR Estimated completion 2016 Morrisville Parkway Grade Separation $19.6 million project Estimated completion 2016

9 CURRENT TRIANGLE RAIL IMPROVEMENTS
Replacement of Crabtree Creek bridge & Morrisville Greenway (H-68.90) Replacing 1927 single-track bridge with double-track Increased capacity for future freight and passenger service Shared funding with Town: NCRR - $6.9M; Morrisville - $1M Begin design 1st quarter 2016; Complete construction 2017

10 2008 Commuter Rail Capacity Study (Greensboro to Goldsboro)
NCRR Commuter Rail Capacity and Ridership Studies COMMUTER RAIL 2008 Capacity Study (Greensboro-Goldsboro) 2010 Ridership Study 2015 Capacity Study with GoTriangle (Greater Triangle) 2008 Commuter Rail Capacity Study (Greensboro to Goldsboro)

11 NCRR Corridor Transit Planning
Transit Projects on NCRR NCRR Corridor Transit Planning Wake Transit Plan Durham-Orange Light Rail Propose using miles of NCRR Corridor

12 NCRR Future Track Infrastructure Study
Transit Projects on NCRR NCRR Future Track Infrastructure Study Identify and evaluate long-term infrastructure needs on the NCRR Corridor Investment of $1.5 Million by NCRR

13 Transit Projects on NCRR
NCRR Commitment “We’ll see the first rural to urban commuter rail system in the next 10 years. It will probably be in the Triangle and use a portion of the North Carolina Railroad. It might run from Johnston County through Hillsborough and down to Alamance County. It has to be convenient for commuters, regardless of where it goes. I think serious investments in it will be made in the next few years... …The economic-development community is asking for transportation alternatives to driving. We would like to be an answer to that question.” – Scott Saylor, Business North Carolina Magazine

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