LOS ANGELES -- The ports of Los Angeles and Long Beach, Calif., have agreed to pay Union Pacific Railroad $75 million for the railroad's right-of-way, a move that brings the $1.84 billion Alameda Corridor transportation project a step closer to reality.

Union Pacific is the third railroad to tentatively agree to participate in the 20-mile corridor, a high-speed rail and highway project that will expedite cargo movement between the ports and downtown Los Angeles rail yards.

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