CSX Corporation and its transportation and intermodal terminals subsidiaries announced an expansion of the company's intermodal presence in the greater Montreal region and Quebec. CSX's intermodal terminals subsidiary will build a new 36-hectare intermodal rail terminal in the City of Salaberry-de-Valleyfield in Quebec, connecting the region with CSX Transportation's 34,000 kilometer rail network in the United States. The new $100M project will enable shippers in the region to capitalize on the economic and environmental benefits of intermodal rail, expand on the north-south trade opportunities offered by NAFTA, and connect to new markets. The project is expected to create about 600 jobs during construction and lead to the creation of more than 300 permanent jobs when completed. Construction is expected to start in the spring of 2013 and the terminal is expected to open in 2015. The project is subject to regulatory approval from the Canadian Transportation Agency.
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