Rail Industrial Access Program Application Briefing Kevin B

Rail Industrial Access Program Application Briefing Kevin B. Page Chief Operating Officer www. drpt. virginia. gov Carmeuse Lime & Stone, Inc. – Rail Industrial Access Project April 16, 2014 Carmeuse Lime & Stone, Inc. Frederick County, Virginia 1

Project Location and Serving Railroads q Currently served by Winchester and Western RR q Adjacent to CSX Transportation Carmeuse Lime & Stone, Inc. – RIA Application April 16, 2014 Frederick County, VA Carmeuse Lime & Stone, Inc. . 2

Carmuese Lime & Stone Site te s e h c in W r S & L e s eu rm a C ry r a u Q CSX T ranspor tation Carmeuse Lime & Stone, Inc. – RIA Application April 16, 2014 81 te a st r e t In r Winchester & Western Railroad Connection 3

Code of Virginia In deciding whether to construct any such access track, the Commonwealth Transportation Board shall consider the cost thereof in relation to prospective volume of rail traffic, capital investment, potential employment, and other economic and public benefits. The Commonwealth Transportation Board shall adopt procedures to encourage widespread use of the funds, shall limit allocation of funds so that no county, city or town receives more than 50 percent of the funds in any one fiscal year unless there are not sufficient applications prior to May 1 of each year to use the available funds, and shal consider the practices of the Department of Transportation in distributing funds for access roads to economic development sites under § 33. 1 -221. Bayshore Concrete Products Corporation – RIA Application January 15, 2014 q § 33. 1 -221. 1: 1(E) 4

Project Summary q Application for $1, 050, 000 – Construction of 29, 000 feet of track – Installation of a loop track with new access to CSXT – Improve existing connection with Winchester Western Railroad q Application details: 10, 500 additional railcars annually $81. 4 Million total estimated project investment $8. 1 Million estimated cost of rail construction 26 new jobs associated with this expansion q Application scores 69 of 100 points. q Scores greater than 50 are referred to the CTB for consideration. Carmeuse Lime & Stone, Inc. – RIA Application April 16, 2014 – – 5

Applicant Profile q Largest lime and chemical limestone company in North America q Expansion will allow unit train traffic so the applicant can provide aggregate and lime to customers in other states. q Historically aggregate was delivered in relatively close distances from the quarry by truck and single railcar traffic. q Increased rail capacity will reduce the number of trucks serving the plant for long hauled stone. dual access to the facility via Winchester & Western Railroad or CSX Transportation. Carmeuse Lime & Stone, Inc. – RIA Application April 16, 2014 q The project would establish a second railroad connection, providing 6

Requested Project Funding Applicant Fiscal Year of Allocation Recommended for CTB Allocation Local Match (Minimum) Carmeuse Lime & Stone 2014 $1, 050, 000 $150, 000 q. A grantee match is required for amounts above $300, 000 q. Total capital investments in the facility expansion are estimated at $81. 4 Million. April 16, 2014 q. Total rail infrastructure costs are estimated at 8. 1 Million. Carmeuse Lime & Stone, Inc. – RIA Application 7

www. drpt. virginia. gov drptpr@drpt. virginia. gov April 16, 2014 804 -786 -4440 www. drpt. virginia. gov Carmeuse Lime & Stone, Inc. – Rail Industrial Access Project 8