GREENWICH, Conn.--(BUSINESS WIRE)--Genesee & Wyoming Inc. (GWI) (NYSE: GWR) today provided an additional update on the status of the restoration of the Edith River Bridge in Australia’s Northern Territory following the December 27th derailment of a Genesee & Wyoming Australia Pty Ltd (GWA) freight train in flood waters associated with Cyclone Grant.
The bridge is substantially repaired with earthworks and abutments on both ends of the bridge complete and the bridge deck aligned. In making the repairs, additional damage was found on the southernmost girder of the bridge. As a result, this girder will require additional strengthening before the bridge can be reopened.
It is now anticipated that this work will be completed and the bridge reopened for service by February 29, 2012.
Until the bridge is reopened, GWA will continue to operate an intermodal freight hub in Katherine to facilitate the transportation of freight between Adelaide and Darwin.
About GWA
A wholly owned subsidiary of GWI, GWA operates nearly 5,000 km of track in South Australia and the Northern Territory and provides intrastate haulage of bulk commodities including grain, steel, gypsum and minerals as well as short-haul shunting and terminal operations. An accredited rail-service provider in six states (all but Tasmania), GWA has more than 300 employees, 70 locomotives and 950 active freight wagons. GWA operates between South Australia and the Port of Darwin over the 2,200 km Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia.
About GWI
GWI owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. In addition, we operate the Tarcoola to Darwin rail line, which links the Port of Darwin with the Australian interstate rail network in South Australia. Operations currently include 65 railroads organized in 10 regions, with more than 7,600 miles of owned and leased track and approximately 1,400 additional miles under track access arrangements. We provide rail service at 17 ports in North America and Europe and perform contract coal loading and railcar switching for industrial customers.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Genesee & Wyoming's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.