Alameda Corridor
The Alameda Corridor is a national railway system that runs parallel to Alameda Street in the Downtown Los Angeles area. The system was the original location of the Southern Pacific Line, in which it was purchased by the ports of Los Angeles and Long Beach in December of 1994 for 235 million, the rail line stretches 10 miles and is 33 feet below ground, shared by BNFF Railway and Union Pacific Railroad. The purpose of the Alameda Corridor is to alleviate congestion of traffic at crossings, while eliminating 90 miles of line. The line provides transportation for containerized shipping, in which it currently carries approximately 17, 824 trains with 4.7 million 20-foot equivalent units of containers. There has been a dramatic slowdown in the ports of Los Angeles and Long Beach, which has had a significant effect on the Alameda Corridor, with a basis of the project dependent on levels of trade to expedite the flow of cargo from ships to retailers. The authority is not yet incurring losses due to their high margin of safety, allowing revenues to cushion the hindering shortfall. The shortfalls are equivalent to 40% in the authority’s annual debt payments which can be recovered once the revenue stream is restored to a steady basis. According to economist Nancy Sidhu, there is an expected increase in imports and exports in the amount of 1.6%. [Sources: www.acpa.org, www.theaceproject.org ]

Comments