RailAmerica's San Joaquin Valley Railroad Joins the Celebration to Mark the Completion of the Cross Valley Rail Corridor

BOCA RATON, Fla.--()--Oct. 9, 2003--On Friday, October 10th, employees of RailAmerica's San Joaquin Valley Railroad (SJVR) will attend a dedication ceremony to celebrate the completion of the Cross Valley Rail Corridor Project at 2:00 p.m. at The Depot in Visalia, CA.

The Cross Valley Rail Corridor freight train project was created to restore and upgrade 45 miles of track between Huron and Visalia. The concept was simple, but has potentially significant impact. As a result of the completion of this project, commercial and industrial customers along the corridor will experience improved freight service and an increased opportunity for industrial development. The upgraded rail will now accommodate 286,000-pound railcars along the entire corridor.

The Cross Valley Rail Corridor Project was led by the Joint Powers Authority (JPA), which was formed by the cities of Lemoore, Huron and Visalia, who in turn partnered with the San Joaquin Valley Railroad and 11 other funding agencies to raise a total of $14.2 million to complete the project.

"We are so proud of our involvement with the Cross Valley Rail Corridor Project, and would like to thank the JPA and our funding partners for their dedication and support of this project. By working together, we are bringing significant public and economic benefits to the communities along the corridor," said Thomas Schlosser, RailAmerica's Senior Vice President, Western Corridor. "In addition to the increased opportunities for industrial development and employment, we are improving the air quality and safety of the streets and highways of these communities by reducing truck traffic."

RailAmerica, Inc. (NYSE:RRA) is the world's largest short line and regional railroad operator with 50 railroads operating approximately 17,700 miles in the United States, Canada, Australia, Chile and Argentina, including track access arrangements. The Company is a member of the Russell 2000(R) Index. For more information about the company, please visit its website at http://www.railamerica.com.

Contacts

RailAmerica, Inc., Boca Raton
Susan Wright Greenfield, 561/994-6015

Contacts

RailAmerica, Inc., Boca Raton
Susan Wright Greenfield, 561/994-6015