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Www.drpt.virginia.gov April 16, 2014 HGAC, LLC – Rail Industrial Access Project 1 Rail Industrial Access Program Application Briefing Kevin B. Page Chief.

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Presentation on theme: "Www.drpt.virginia.gov April 16, 2014 HGAC, LLC – Rail Industrial Access Project 1 Rail Industrial Access Program Application Briefing Kevin B. Page Chief."— Presentation transcript:

1 April 16, 2014 HGAC, LLC – Rail Industrial Access Project 1 Rail Industrial Access Program Application Briefing Kevin B. Page Chief Operating Officer HGAC, LLC King George County, VA

2 April 16, 2014 HGAC, LLC – RIA Application 2 Letter of Support from CSX Transportation Proposed Location King George County, VA HGAC, LLC

3 April 16, 2014 HGAC, LLC – RIA Application 3 Project Summary Application for $450,000 –Construction of 4,200 linear feet of track –Served by CSX Transportation –Consolidation of two Virginia facilities –Planned growth and expansion with consolidation Application details: –1,000 additional railcars annually –$12 Million total estimated project investment –$800,000 estimated cost of rail construction –10 new jobs associated with this expansion Application scores 64 of 100 points. Scores greater than 50 are referred to the CTB for consideration.

4 April 16, 2014 HGAC, LLC – RIA Application 4 Applicant Profile HGAC, LLC is looking to consolidate and grow an existing Virginia business for reinforcing steel fabrication. Rail is a critical component of the King George proposed site. –Rehabilitation of existing rail and construction of new rail Additional sites are under consideration in North Carolina and Maryland according to the Applicant.

5 April 16, 2014 HGAC, LLC – RIA Application 5 Requested Project Funding ApplicantFiscal Year of Allocation Recommended for CTB Allocation Local Match (Minimum) HGAC, LLC2014$450,000$150,000 A grantee match is required for amounts above $300,000 Total capital investments in the facility expansion are estimated at $12 Million. Total rail infrastructure costs are estimated at $800,000.

6 April 16, 2014 Carmeuse Lime & Stone, Inc. – Rail Industrial Access Project


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