By KRWG News
Santa Teresa – The New Mexico Border Authority has signed a $1.23 million grant agreement with the Economic Development Administration to continue a study into expanding commercial rail services along the U.S.-Mexico border.
Officials say the agreement has the potential to unlock trade opportunities for the Santa Teresa area.
The Economic Development Administration awarded the grant for a feasibility study that had been suspended 18 months earlier because of budget concerns.
Mexico and three regional railroads had asked for a study to evaluate development of the rail bypass and border crossing at Santa Teresa.
Gov. Bill Richardson says expanding commercial rail service along the border is key to boosting trade between the United States and Mexico.
Copyright 2010 The Associated Press.