Palmetto Railways last week announced the $10 million purchase of the remaining 50 acres of what is known as the Noisette property on the former Navy Base in North Charleston, which is being developed by the South Carolina Ports Authority into a major ocean container terminal.
The South Carolina Public Railways changed its name to Palmetto Railways earlier this month.
The additional land in and around previously acquired acreage will allow the railroad to construct and operate the planned intermodal container transfer facility and develop the property for manufacturers and other businesses that want to locate near the port and require rail to move their goods.
The purchase consolidates properties owned by the state on the former Navy Base. Palmetto Railways previously acquired 240 acres on the base in late 2010 for a dual-rail served intermodal facility.
Learn more about how construction is progressing on the Navy Base marine terminal in the article, "Charleston's groundwork for more cargo
," from the October edition of American Shipper