FDOT giving $1.4 million toward Keystone ILC Terminal
Project estimated to create 99 new jobs
Gov. Rick Scott on Monday announced the Florida Department of Transportation would give a $1.4 million grant toward the $4.5 million Keystone ILC Terminal project slated to be built on Jacksonville's Northside.
The Keystone ILC asked for funding to construct 2,100 feet of new railroad line and an on-site intermodal bulk transloading facility to transfer bulk and break-bulk commodities between ship, rail, and truck. The terminal is designed to exchange containers between trucks, rail and ships for express shipment via Jacksonville Port Authority.
"I’m committed to ensuring that our transportation projects provide more job opportunities for Florida families," Scott said in a statement. "This $1.4 million investment for the Keystone ILC Terminal project will enhance critical infrastructure and create more opportunities for Jacksonville families."
This is among the first four grants for the Intermodal Logistics Center Infrastructure Support Program. This program provides an annual allocation of $5 million, with a 50 percent matching fund requirement from applicants.
ILCs play a significant role in expanding our trade and logistics infrastructure by enhancing the state’s seaports, airports, railroads, and supporting intermodal highway connectors.
FDOT selected four projects to fund from a total of eight applications received in the FY 2012/2013 funding cycle. The other three selected projects include Port of Panama City Intermodal Distribution Center (Panama City), South Florida Logistics Center (Miami), and Port Manatee Commerce Center (Palmetto). All four selected projects support and create a total of 1,213 direct and indirect jobs
“The Intermodal Logistics Center Infrastructure Support Program is an important part of the department’s commitment to support freight growth in Florida. By enhancing our trade and logistics infrastructure we will create job opportunities and strengthen Florida’s economy,” said FDOT Secretary Ananth Prasad.
Copyright 2013 by News4Jax.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.