CHARLOTTE, N.C. — The North Carolina Railroad Co. will invest $100,000 in upgrades and improvements to an existing spur to support Siemens Energy’s planned expansion of its manufacturing facility in Charlotte, the railroad has announced. That expansion will involve a total investment of $145 million and is projected to add 475 jobs.
The expanded plant will generate more than 50 railcars of traffic annually and contribute to local growth in the energy and electric vehicle industries.
“We are thrilled to partner with Siemens Energy on this transformative project,” North Carolina Railroad Co. CEO Carl Warren said in a press release. “This investment aligns with our commitment to foster economic growth and innovation in North Carolina. We look forward to the positive impact it will have on our state’s economy and communities for generations to come.”
Siemens Energy, headquarters in Munich, Germany, operates in more than 90 countries and employs more than 95,000 people worldwide.
The North Carolina Railroad Co. is the state-owned private corporation managing 317 miles of track and property in the state. Its economic initiative, NCRR Invests, provides assistances to companies using the state’s rail network that create jobs by locating or expanding business in North Carolina.
