New Mexico Rail Park on track for P3/PPP
A groundbreaking took place Dec. 28 for the Central New Mexico Rail Park in Los Lunas. The project is a public-private partnership (P3/PPP) between a real estate investment firm, Bernalillo County and the village of Los Lunas that will support the 1,627-acre rail park.
The first phase of development includes 400-acres for a warehouse, manufacturing and distribution center, which is estimated to cost around $25 million.
The Bernalillo County commissioners approved a $400,000 Local Economic Development Act grant for construction of a rail spur into the park.
The BNSF spur is scheduled to be built by summer and the rail park train traffic is expected to start with two to three trains per week but the goal is one train per day.