HOWARD STREET TUNNEL: POSITIONING MARYLAND FOR SUCCESS Greater Baltimore Committee September 21, 2016
CSX IS A PREMIER TRANSPORTATION COMPANY CSX Rail Network and Major Terminals Company Profile Revenue* $11.8B Capital Investment** $2.4B Miles of Track 21,000 miles Employees 28,000 500+ trains online at any point in time *2015 2 **2016 projected
BUSINESS DIVERSIFIED ACROSS BROAD MARKET BASE 2015 Volume by Market: 6.9 Million Rail Car Loads Merchandise: 42% (Agriculture, Construction & Coal: 17% Industrial) (Domestic & Export) Intermodal: 41% (Domestic & International) 3
CSX AND MARYLAND: A 190-YEAR PARTNERSHIP Company Profile in MD (2015) Employees 1680 Customers 1000+ Miles of Track 1400+ Miles of Track $62.5M Seagirt: Intermodal Curtis Bay: Coal Jessup: Auto 4
THE POWER OF TWO FEET: HELPING TO TRANSFORM MARYLAND’S ECONOMY Positions Port for strong growth Deep water allows for largest ships High-frequency, on-dock rail Making existing businesses more competitive (and Today (19 ft) help attract new businesses) Single Stacked Creates jobs 500 jobs to construct & 3200 statewide Quicker and safer trip home for commuters 178,000 trucks off the road Cleaner environment Tomorrow (21ft) CO 2 equivalent of 700,000 cars Double Stacked 5
CSX/MD STUDY: CLEARING HST TO SEAGIRT FEASIBLE Existing HST is structurally sound To prolong HST’s useful life, frequent flooding must be addressed 9 other obstructions between Howard Street and Seagirt must be cleared Project cost ~$425M 4-5 years to complete with minimal impact to public Freight operations continue through tunnel during construction 6
PUBLIC-PRIVATE PARTNERSHIP POSITIONS HST PROJECT FOR SUCCESS Entity Cost Share ($M’s) Maryland 145 CSX 125 Federal 155 Total 425 CSX investing additional $20M now to progress HST project (drainage upgrades and design/engineering) CSX is fully committed to working with local, state and federal officials to make the Howard Street Tunnel project a reality 7
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