GREENWOOD — Transportation Commissioner Mike Tagert says the reopening of the rail line between Greenwood and West Point has run into a snag.
The Greenwood Commonwealth reports Tagert told a civil group this week that the state has offered up to $15 million to the project, but Genesee & Wyoming, which owns the 90-mile stretch, has not brought any funding proposal to the table.
Tagert, who represents north Mississippi on the commission, says reopening the route has tremendous economic development potential, but he says privately owned and operated railroads need private investment.
The line from Greenwood to West Point has been out of service since 2001 due to its dilapidated condition. It remains open from Greenwood to Greenville.
Area officials are seeking federal funding to get it back running.
Information: The Associated Press
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info