Other Transportation Ventures
The Maryland Transportation Authority assists the State in achieving its transportation goals by advancing the safe, secure and convenient movement of people and goods for the benefit of the citizens of Maryland. Acting on behalf of the Maryland Department of Transportation (MDOT), the Authority finances and builds new transportation facilities to meet Maryland's transportation needs.
Canton Railroad Company
Under legislation introduced by former Governor Parris N. Glendening that became effective October 1, 2001, the Maryland Transportation Authority is authorized to finance, construct, operate, repair and maintain vehicle-parking facilities in Maryland's Smart Growth areas. The legislation allows the Authority to issue revenue bonds to finance parking facilities. The legislation will serve as an additional tool for use in planning transportation projects and facilities, and it will offer increased flexibility to help meet parking needs within Priority Funding Areas.
Some of the Authority's ventures include:
- In FY 2004, the Authority issued nearly $70 million in revenue bonds for terminal-access and taxi-way enhancements at BWI Airport. All bonds are being repaid with user fees charged at the airport. Since 1985, the Authority has coordinated more than $670 million in capital projects at BWI.
- The Higher Education and Applied Technology (HEAT) Center is a cooperative effort among the Transportation Authority, Harford County government and Harford and Cecil County Community Colleges. The HEAT Center, which is located in Aberdeen, MD, is designed to integrate education, research and development in a central location. Recently, the Authority sold 47.3 acres of the site to Battelle Memorial Institute, a nationally renowned technology corporation. Battelle now controls approimately 137 acres of the HEAT Center land and is poised to expand ite presence in Maryland
- The Canton Railroad Company, owned by the Authority since 1987, operates along 16 miles of track and provides railroad access to the Seagirt Marine Terminal. The Canton Railroad Company has served the Port of Baltimore and southeast Baltimore City industries for 95 years. It connects with Conrail and CSX Transportation, offering customers direct service to one-third of the United States.
- The Authority funded construction of the Seagirt Marine Terminal, which opened in 1990. The terminal was owned by the Authority and operated by the Maryland Port Administration (MPA) until November 2009, when the Authority transferred ownership of Seagirt to MPA. For more information on the Seagirt Marine Terminal, visit www.marylandports.com.