President Trump’s $1.5 trillion infrastructure plan has sparked discussion about the vital need to modernize our nation’s infrastructure and the role that individual states, communities and the private sector will have to play in funding that rebuilding. In the bi-state region, those discussions have been underway for some time, resulting in concrete actions that have our area well positioned to compete for whatever federal dollars may be available to help address infrastructure priorities.
The region’s highest freight priority, one with national significance, is replacing the 128-year-old Merchants Bridge, one of two rail bridges used by six Class I railroads and Amtrak to cross the Mississippi River in St. Louis. Current capacity on the bridge creates a significant rail bottleneck that has impact on the regional and national freight network. Unless addressed, this critical bridge will be obsolete in 10 years, forcing extensive reroutes and impacting transportation costs to all modes of transportation, as well as the region’s ability to compete globally.
In contrast, a $200 million replacement of the Merchants Bridge has the potential to greatly improve freight movement in the nation and create more than $456 million in local economic activity over 20 years.
Those very real challenges and tremendous opportunities helped the St. Louis Regional Freightway to unite local governments, Class I railroads, port and barge industries, and other stakeholders in regional freight and manufacturing in support of this project.
The bridge replacement plan is a prime example of the type of public-private partnership that has potential to succeed in a funding climate that puts heavy emphasis on private investment. The Terminal Railroad Association (TRRA) of St. Louis committed to funding nearly two-thirds of the project’s cost, with the remainder hopefully to be covered by federal funds being sought through the Infrastructure for Rebuilding America grant program. The Missouri Department of Transportation, Bi-State Development and TRRA jointly submitted the application, with support from East-West Gateway Council of Governments, all four U.S. Senators and U.S. House of Representatives from Missouri and Illinois, and more than 50 private-sector supporters. If the application results in a grant being awarded, the Merchants Bridge project could begin immediately.
Another public-private partnership aimed at developing a new transportation link for cargo to move along the Mississippi River also got a recent boost. The St. Louis Regional Freightway, Plaquemines Port Harbor and Terminal District located in the State of Louisiana and four ports in the bi-state region signed a Memorandum of Understanding to create an alliance to generate new business by promoting international and inland trade routes along the Mississippi River. The agreement embodies the St. Louis region’s strong support for efforts underway by marine transportation services leader American Patriot Holdings, LLC, and the Port of Plaquemines to develop a hub-and-spoke transportation system for container transport vessel shipments from Plaquemines to the St. Louis region.
We’re excited by the region’s ability to unite behind such bold initiatives and confident that our continued willingness to do so will enhance the St. Louis region’s position as a premier freight gateway and multimodal hub.
News sorce: ST. LOUIS BUSINESS JOURNAL