Governor Bill Richardson today announced that the New Mexico Border
Authority has signed a $1.23 million grant agreement with the Economic Development Administration (EDA) which will be utilized to evaluate the expansion of commercial rail services along the U.S.-Mexico border. The agreement has the full support of Governor Bill Richardson and U.S. Senator Jeff Bingaman, and has the potential to unlock tremendous trade opportunities for the Santa Teresa area.
"Expanding commercial rail service along the border is fundamental to increasing trade between the United States and Mexico and will be a huge boost to the economy of Southern New Mexico," Governor Richardson said. "I am pleased that this grant will allow us to continue our work on this important project"
The EDA awarded the grant to help continue a feasibility study that had been suspended 18 months prior due to budgetary concerns. Mexico and three regional railroads had requested the study to evaluate development of the rail bypass and border crossing at Santa Teresa.
"This is another step in expanding the influence and scope of Santa Teresa's role in United States trade with Mexico," Economic Development Department Cabinet Secretary Fred Mondragón said. "The EDA grant will allow New Mexico to again move forward with this exciting development project that holds a great deal of promise for the Paso del Norte region."
"Expanding commercial rail access in Santa Teresa would help increase international trade with Mexico and boost economic development in the region," said Senator Bingaman.
More about the Border Authority: The New Mexico Border Authority works to support infrastructure projects along New Mexico's Border with Mexico from Sunland Park to Antelope Wells. The Authority strives to create strong and efficient partnerships with public and private stakeholders by being involved in international trade activities on both sides of the border. They also assist businesses and travelers in crossing the border and disseminate information related to regulations and procedures affecting leisure and commercial travel through New Mexico's ports of entry. In addition to Santa Teresa, the Border Authority oversees infrastructure projects in Columbus and Antelope Wells Points of Entry.