NC wants better rail access to port

RALEIGH, N.C. (AP) - State officials want the North Carolina Railroad Company to promise to contribute $70 million for a new storage facility at the Morehead City port.

The News & Observer of Raleigh reported officials would like to see a promise of the money over the next decade to allow the port to start shipping wood pellets to European electric utilities as early as 2014.

Supporters say the port project would give the state a significant share of the biomass fuel market. They say it could create 200 jobs and increase freight yard traffic in Morehead City by 300 percent.

North Carolina Railroad president Scott Saylor says it will be weeks before a decision is made. Tom Bradshaw with the State Ports Authority had hoped for a decision this week.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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This is a classic example of N.C. State Govt.'s " Mathematics 101 " . Clearly saying that for a cost of: $70 MILLION Tax Dollars -- 'could' create 200 jobs -- it also 'could not' ( but they dont say that ). Do The Math. Its Classic Wasteful State Govt. Spending -- and they want to be re-elected in 2012 ? These "Political Fools " can't even ballance their own personal check books -- let alone our State Treasury. Our money grows on "Their Trees in Raleigh " - & its up for grabs.

We Must Elect Better Qualified People in Raleigh to Represent Us for 2012.