Martinez Signs Tax Break For Santa Teresa Project
Santa Teresa – Gov. Susana Martinez has signed legislation to provide a tax incentive for a planned Union Pacific rail hub in southern New Mexico.
The company expects to start construction this summer on a rail center in the Santa Teresa area.
Union Pacific plans to spend more than $400 million on the project, including a facility to fuel locomotives, a switching yard, buildings for crew changes and a terminal for loading and unloading cargo containers that can be used on ships, trucks and trains.
The governor signed legislation Tuesday in Santa Teresa to offer a locomotive fuel tax break to help draw the rail yard project to New Mexico. About 3,000 construction jobs are expected.
Copyright 2011 The Associated Press.