Bost touts $700,000 grant to boost Granite City rail service
A project to better link America’s Central Port in Granite City with national freight transportation will receive the majority of its funding from a federal grant recently announced by U.S. Rep. Mike Bost (R-IL), according to a press release.
“This grant is a big deal for jobs and economic growth in Madison County and the Metro East region,” Bost said in the release. “America’s Central Port supports over 1,000 jobs and has a massive economic impact. Our community stands to benefit as the port continues to expand through both private investment and grants like this.”
The new rail line has a projected total project cost of $1 million, and the Economic Development Administration (EDA) grant announced by Bost will cover $700,000 of that figure. The grant was awarded based on the merit of the project, its eligibility and funding availability.
According to Bost’s release, the rail line will help manufacturers near America’s Central Port to access the rest of the country. It will link local businesses with the national transportation network, creating a regional economy that is more resilient and competitive.