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OmniTRAX drafts $8.5M plan to Port of BrownsvilleOmniTRAX drafts $8.5M plan to Port of Brownsvillehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=9532015-05-22T12:13:00Z2015-05-22T00:00:00Z

BROWNSVILLE - OmniTRAX, one of the biggest private railroad and transportation management companies in North America, signed a 30-year franchise agreement with Brownsville Navigation District commissioners.

This gives the company control over the Brownsville & Rio Grande International Railroad, which serves the port, and the responsibility of bringing in new industry.

Specifically, the agreement requires OmniTRAX — an affiliate of Denver-based The Broe Group — to invest at least $8.5 million to develop a master plan of a 1,200-acre, seven-parcel industrial park on port land.

The mapped out parcels of the industrial park, which OmniTRAX has dubbed the “GEOTRAC Industrial Hub,” including first- and second-phase sites for the park’s business incubator.

Steel will figure largely in the Port of Brownsville’s future, according to OmniTrax.

Brownsville-Harlingen Market Research, Brownsville-Harlingen NewsTalk

Brownsville Herald
Brownsville-Harlingen
Infrastructure & Transportation
http://www.brownsvilleherald.com/news/business/article_5b00503c-0022-11e5-a8c8-0b99b020e3af.htmlRead more at {Source}

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