Rail Project Lifts Minnesota to $3.6 Billion of Projects Under Construction

October 2, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than $3.6 billion worth of projects under construction in Minnesota. Thanks to a large light rail project, the Industrial Manufacturing Industry leads the state in regard to the value of these projects, followed in a distant second place by the Power Industry.

Accounting for a substantial portion of Minnesota's project spending is Hennepin County Regional Railroad Authority's (Minneapolis, Minnesota) Green Line extension, also known as the Southwest Light Rail Project, which will add 14.5 miles of track to the Minneapolis/St. Paul light rail system.

Companies feature: Xcel Energy Incorporated (NASDAQ:XEL), FedEx Corporation (NYSE:FDX), Otter Tail Corporation (NASDAQ:OTTR)