CSX to develop new intermodal terminal near Raleigh, N.C. The Jacksonville, Fla.-based Class I railway's $272 million "Carolina Connector" project is contingent on securing $100 million in funding from the state of North Carolina.

CSX Corp. plans to develop an intermodal rail terminal in North Carolina’s Johnston County near Raleigh that will “spur economic development in the region and help position eastern North Carolina as a major transportation logistics hub,” the company said in a statement. The estimated cost of what CSX is calling the “Carolina Connector" is $272 million. The Jacksonville, Fla.-based Class I railway said it is committed to investing $150 million toward for the project, but execution is contingent on securing $100 million in infrastructure investment funds that have been proposed in the state of North Carolina’s Strategic Transportation Investment (STI) process. The $272 million hub would create 300 construction jobs.

“We are excited about developing infrastructure within North Carolina that makes the state’s ports more competitive, lowers transportation costs for business, and promotes reliance on freight rail, the most fuel-efficient and environmentally friendly form of land transportation,” Louis Renjel, CSX vice president of strategic infrastructure, said in a news release. The CCX hub is expected to handle everything from agricultural products to consumer goods. “It’s essentially an inland port,” said Chris Johnson, Johnston County’s director of economic development. “It’s absolutely massive.” "We believe it will be the largest one on the East Coast’