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Current News

Title North Carolina Receives $15.5 Million for Railroad Upgrades
Date Posted 1/8/2014
Description The North Carolina Railroad Company (NCRR) has paid $15.5 million in dividends to North Carolina's new Freight Rail and Safety Fund to support railroads and economic growth in the state. The North Carolina General Assembly recently enacted a measure allowing the NCRR to issue dividends to the fund. The NCRR receives its revenue from its long-term lease agreements and does not receive state appropriations.

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