JACKSONVILLE, Fla., June 13, 2014 /PRNewswire/ -- CSX applauds the Federal Highway Administration (FHWA) and the District Department of Transportation (DDOT) for advancing the reconstruction of CSX's Virginia Avenue Tunnel in a way that responds to community concerns in the project's design and construction plan. The Final Environmental Impact Statement (FEIS) issued today by FHWA and DDOT identifies the preferred alternative for construction, "Alternative 3 - Two New Tunnels." Specific details of the alternative are available via a FHWA/DDOT fact sheet at www.virginiaavenuetunnel.com.
CSX is proposing to spend hundreds of millions of company dollars to reconstruct this 110-year old tunnel, to move people and goods more efficiently for the benefit of commuters and businesses in the District and throughout the region. The release of the FEIS is a critical step forward to modernize the country's aging infrastructure in a way that promotes the safety and well-being of local neighbors.
"The preferred alternative is the direct result of years of community input during the environmental review process. It addresses community concerns and prioritizes neighborhood safety and security during construction. Under this plan, construction is expected to take approximately 30 to 42 months and trains will run in an enclosed tunnel in front of residences," said Louis Renjel, vice president, strategic infrastructure initiatives. "Today's announcement means CSX and the Virginia Avenue community can focus our ongoing discussions on a single potential construction plan, discuss the potential impacts of that plan, and share information about the many things CSX would do to minimize those impacts."
CSX's efforts to minimize the impact of construction would include actions that would be naturally a part of the construction plan; additional actions CSX would take during construction to minimize impacts; and actions CSX would take after construction to help enhance the Virginia Avenue neighborhood.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV