Long Beach : Port Tentatively OKs Pact to Buy Land for Terminal
The Port of Long Beach has reached a tentative agreement to buy 40 acres of land to create a container terminal, officials announced this week.
Port officials must negotiate a price with owner Union Pacific Resources before the deal is final. The land will be added to a 70-acre parcel to create a 110-acre container terminal, officials said Tuesday.
Union Pacific Resources, a subsidiary of Union Pacific Corp., also announced that it will build a $17-million facility at the port that will enable Toyota Motor Sales U.S.A. to ship more cars and trucks by rail in and out of Long Beach.
The rail facility should be completed by November, 1994, a spokesman said.
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