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Agracel Unveils Rail Affiliate, Partnership
May 25, 2021
Agracel Unveils Rail Affiliate, Partnership Written by Marybeth Luczak, Executive Editor
Effingham, Ill.-based Agracel Rail has formed South Point & Ohio Railroad to lease, operate and manage The Point Industrial Park’s (pictured) rail services.
Agracel Rail Holdings, a new affiliate of industrial development services provider Agracel, Inc., has teamed with Lawrence Economic Development Corp. (LEDC) to revamp The Point Industrial Park in South Point, Ohio.
Effingham, Ill.-based Agracel Rail formed South Point & Ohio Railroad (SPOR) to lease, operate and manage The Point’s rail services and invest in safety improvements and track upgrades. It will market several hundred acres of industrial park sites, and work with LEDC, OhioSE and JobsOhio to attract and retain manufacturing jobs in the region.
RDC, iCON Form IAIS Partnership Written by William C. Vantuono, Editor-in-Chief
Railroad Development Corp., the Pittsburgh-based railway investment and management company with interests in railways and related businesses in the Americas and Europe, on Dec. 31, 2020 entered into a strategic partnership with iCON Infrastructure LLC, an independent investment firm focused on investments in core infrastructure businesses across North America and Europe. iCON Infrastructure Partners V will acquire a 40% stake in Class II Iowa Interstate Railroad (IAIS). RDC will remain majority owner of IAIS and together with iCON V “will continue to support its strong management team and dedicated workforce in providing best-in-class service to IAIS’ diverse customer base.”