JACKSONVILLE, Fla., Nov. 3, 2011 /PRNewswire via COMTEX/ --CSX Corporation today completed the previously announced transaction with the State of Florida to sell a 61-mile rail corridor for the SunRail commuter railroad. The commuter system is expected to begin initial operations in 2014 in a corridor along Interstate 4. SunRail will serve the Orlando area as well as Volusia, Seminole, Orange and Osceola counties. Under the agreement, CSX will retain an exclusive freight easement to operate on the SunRail line in order to continue to provide all common carrier services to its customers. "Today's closing represents a significant milestone in this public-private partnership that accom... More...
