Union Pacific Corp. has officially begun construction on the company's planned $90 million intermodal terminal in Bexar County, Texas, just outside San Antonio. This 300-acre rail port is expected to have an economic impact on the area over the next 20 years valued at $2.48bn.
The rail port is strategically located between connecting rail lines from the West Coast and Mexico. Scheduled to open in late 2008, the intermodal terminal will initially process 100,000 trailers a year with the potential of handling 250,000 trailers and containers per year. This will include automotive parts for the nearby Toyota Motor Manufacturing Texas Inc. plant.
In addition, UP expects to redirect more than 80,000 semi trucks that are currently making deliveries or pick-ups at rail yards within the city limits to the new facility. The new terminal also will reduce truck traffic on Interstate 10 between San Antonio and Houston by giving shippers another option for delivering goods.
Chicago-based First Industrial Realty Trust Inc., in partnership with 4M Realty, has been selected the developer for the facility.
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