Schumer: CSX to spend $45 million upgrading its NY rail system

By: The Associated Press

Thursday, February 14, 2008 2:48 PM EST

SYRACUSE -- New York Sen. Charles Schumer says CSX will spend $45 million to improve its rail system in upstate New York, where it has been plagued by a recent series of mishaps and derailments.
Schumer says the Florida-based company agreed to the investment after he met with CSX CEO Michael Ward last week in Washington, D.C.

The money includes $30 million to replace old, deteriorating track with new rails. CSX owns approximately 2,250 miles of track in New York.

The company's most recent accident happened last month when 13 cars derailed in Canastota, about 20 miles east of Syracuse.

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