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VRE Uses CROC Bonds For CSX Right-Of-Way Purchase

Virginia Railway Express
Disclosed value
$7.5 million in annual CROC-funded debt-service and capital contributions; bond proceeds assisted purchase of CSX right-of-way
From agendapacket
Document date
Sep 18, 2026
Term
Annual contributions through 2032
Renews
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The 30-second brief

What it covers

VRE used proceeds from 30-year CROC-backed bonds issued in June 2022 to assist with purchasing CSX right-of-way. The agency continues to account for CSX-related access and rail infrastructure costs in its operating and capital budgets.

Who holds it

CSX holds this financial services contract with Virginia Railway Express. Its other public contracts on record include work for City of Powell and City of Bellevue.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Virginia Railway Express contract.

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Contract details

Contract type
Financial Services
Amount
$7.5 million in annual CROC-funded debt-service and capital contributions; bond proceeds assisted purchase of CSX right-of-way
Document date
September 18, 2026
Term
Annual contributions through 2032
Renews
Free account
Vendor
CSX
Agency
Virginia Railway Express
Source document
Virginia Railway Express AgendaPacket Operations Board Meeting 2026-09-18 (AgendaPacket)

CSX's other public contracts

City of Powell, OhioPowell Advances Seldom Seen CSX Crossing Work · Oct 20, 2026UndisclosedVirginia Railway Express, VirginiaVRE Coordinates Proposed CSX Design Review Agreement · Oct 16, 2026UndisclosedCity of Bellevue, KentuckyBellevue Prepares CSX Pedestrian Bridge Agreement · Oct 14, 2026UndisclosedTown of Indian Trail, North CarolinaIndian Trail Awaits CSX Agreement Before Construction · Oct 13, 2026UndisclosedCity of Hobart, IndianaCSX Facility Encroachment Agreement Discussed · Oct 13, 2026UndisclosedAll CSX contractsVendor profile

More Virginia Railway Express contracts

Pugh Lubricants LLC Dba Cadence Petroleum GroupVRE Awards Locomotive Oil Supply Contract to Pugh Lubricants · Oct 16, 2026UndisclosedKRSVKRSV Scheduled for Seminary Yard Track Maintenance · Oct 16, 2026UndisclosedCSXVRE Coordinates Proposed CSX Design Review Agreement · Oct 16, 2026UndisclosedCity of ManassasVRE Recommends Extending Broad Run Parking Lot Lease · Oct 16, 2026UndisclosedHill International IncVRE Replaces Expiring Hill International Consulting Contract · Oct 16, 2026UndisclosedAll Virginia Railway Express activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Virginia Railway Express?

CSX was awarded this financial services contract by Virginia Railway Express, as recorded on September 18, 2026. The contract value is $7.5 million in annual CROC-funded debt-service and capital contributions; bond proceeds assisted purchase of CSX right-of-way.

How much is the CSX contract with Virginia Railway Express worth?

The CSX contract with Virginia Railway Express is valued at $7.5 million in annual CROC-funded debt-service and capital contributions; bond proceeds assisted purchase of CSX right-of-way, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Virginia Railway Express AgendaPacket Operations Board Meeting 2026-09-18 (AgendaPacket), dated September 18, 2026 from Virginia Railway Express. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does CSX hold?

CSX may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Virginia Railway Express currently buying?

Explore Virginia Railway Express's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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