This EDA investment supports cole county with developing a multi-modal transload facility and accompanying rail spur extension within the algoa industrial park in jefferson city, missouri
Ended Project Grant Awarded
- Award ID
- 050106187
- Recipient
-
County Of Cole UEI ZT3CQYMTLKE9
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $3,163,100
Award facts
- Assistance listing
- 11.300 Investments for Public Works and Economic Development Facilities
- Completion date
- Funding
-
- $1,500,000.00 Federal
- $1,663,100.00 Non-federal
- Place of performance
- Jefferson City, MO, USA
Award details come from USAspending.gov.
About this award
The U.S. Department of Commerce Economic Development Administration awarded a $3.16 million Project Grant to Cole County, Missouri under the Investments for Public Works and Economic Development Facilities federal grant program (CFDA 11.300). The funding will support Cole County's development of a multimodal transload facility and rail spur extension within the Algoa Industrial Park in Jefferson City, Missouri. Scheduled for completion by August 2029, the project aims to provide regional industries without rail access to lower transportation costs by harnessing both rail and trucking capabilities. The new multimodal facility is expected to generate a stronger, more diversified transportation system and serve as an economic growth catalyst for the region by improving access to rail service for shipments from Mid-Missouri producers and consumers.
Description
The project will provide access to rail service for regional industries that are not located on rail served sites and lower transportation costs for shipments for mid-missouri producers and consumers. By harnessing the strengths of both the rail industry and the trucking industry at a new multimodal facility, the region will have a stronger and more diversified transportation system, which will generate an environment that can serve as a catalyst for unprecedented regional economic growth.
Quick answers
Who received award 050106187?
050106187 was awarded to County Of Cole by Economic Development Administration (Department of Commerce) on August 30, 2022.
How much is award 050106187 worth?
$3,163,100 has been obligated on 050106187: $1,500,000 in federal funding and $1,663,100 in non-federal funding.
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