Investing in rail infrastructure improvements
The USA's economic development administration (EDA) is awarding a USD 2.2 million grant to the city of Davenport IA, to construct a new interchange track and rail spur to serve a new manufacturing facility and other businesses in the Davenport industrial park.
According to grantee estimates, the project is expected to create more than 500 jobs and spur USD 78.5 million in private investment. The project builds on the assets in the industrial park, including an EDA-funded transload facility. The project is essential to ensure continued success of the enterprises at the industrial park, the EDA declared. (ben)